MARA Holdings, Inc. (NASDAQ:MARA) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its position in MARA Holdings, Inc. (NASDAQ:MARA) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,741 shares of the business services provider’s stock after purchasing an additional 6,628 shares during the quarter. Amalgamated Bank’s holdings in MARA were worth $1,555,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MARA. Truvestments Capital LLC acquired a new stake in shares of MARA in the third quarter valued at about $26,000. Beacon Capital Management LLC acquired a new position in MARA during the fourth quarter worth about $26,000. Larson Financial Group LLC grew its stake in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its holdings in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 860 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 599 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the completion of the transaction, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,215 shares of company stock worth $2,033,766 in the last three months. 0.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MARA shares. Piper Sandler began coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price target for the company. Macquarie raised their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. B. Riley boosted their price target on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. HC Wainwright restated a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Thursday. Finally, Barclays initiated coverage on shares of MARA in a research note on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.67.

MARA Stock Performance

Shares of MARA stock opened at $13.92 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm has a market cap of $4.72 billion, a P/E ratio of 17.62 and a beta of 5.76. The firm’s 50 day moving average price is $17.52 and its 200-day moving average price is $18.44. MARA Holdings, Inc. has a one year low of $12.05 and a one year high of $30.71.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. As a group, equities research analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current year.

MARA Company 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.