State of Alaska Department of Revenue Boosts Stake in MARA Holdings, Inc. (NASDAQ:MARA)

State of Alaska Department of Revenue increased its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 8.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 182,903 shares of the business services provider’s stock after buying an additional 14,752 shares during the quarter. State of Alaska Department of Revenue owned about 0.05% of MARA worth $3,067,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MARA. Private Advisor Group LLC increased its holdings in shares of MARA by 27.7% in the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after acquiring an additional 49,062 shares during the period. Charles Schwab Investment Management Inc. grew its position in MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of MARA by 112.4% in the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock valued at $3,308,000 after buying an additional 107,963 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of MARA during the third quarter worth about $640,000. Finally, Weiss Asset Management LP purchased a new position in shares of MARA during the third quarter worth about $1,557,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the transaction, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,915 shares of company stock valued at $2,980,694. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MARA. Piper Sandler started coverage on MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. Compass Point cut MARA from a “buy” rating to a “neutral” rating and upped their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Barclays initiated coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 price objective for the company. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.67.

MARA Stock Down 0.2 %

MARA stock opened at $16.77 on Monday. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $20.04 and its 200 day moving average price is $18.74. MARA Holdings, Inc. has a 52 week low of $13.16 and a 52 week high of $34.09. The company has a market cap of $5.69 billion, a P/E ratio of 21.23 and a beta of 5.76.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s revenue was up 34.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. On average, research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

MARA Profile

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.