MARA Holdings, Inc. (NASDAQ:MARA) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 624,818 shares of the business services provider’s stock after buying an additional 24,300 shares during the period. Public Sector Pension Investment Board’s holdings in MARA were worth $10,135,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MARA. Lazard Asset Management LLC purchased a new position in MARA during the 1st quarter worth approximately $249,000. B. Riley Wealth Advisors Inc. acquired a new position in MARA in the first quarter worth approximately $312,000. Cetera Investment Advisers acquired a new position in MARA during the first quarter valued at approximately $3,696,000. Cetera Advisors LLC grew its holdings in MARA by 606.5% during the first quarter. Cetera Advisors LLC now owns 105,648 shares of the business services provider’s stock valued at $2,386,000 after purchasing an additional 90,695 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in MARA during the first quarter valued at approximately $105,000. 44.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on MARA. Compass Point cut MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Macquarie lifted their price target on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Barclays initiated coverage on MARA in a research report on Monday. They issued an “equal weight” rating and a $27.00 price objective for the company. Finally, HC Wainwright reiterated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, MARA presently has a consensus rating of “Hold” and a consensus price target of $23.33.

Insider Transactions at MARA

In other MARA news, Director Jay P. Leupp sold 11,200 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the transaction, the director now directly owns 142,556 shares of the company’s stock, valued at $3,857,565.36. This represents a 7.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the transaction, the chief financial officer now directly owns 2,103,347 shares in the company, valued at approximately $33,022,547.90. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,822 shares of company stock worth $2,702,877 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

MARA Price Performance

MARA stock opened at $26.92 on Friday. MARA Holdings, Inc. has a 1 year low of $11.55 and a 1 year high of $34.09. 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 firm has a market capitalization of $8.66 billion, a P/E ratio of 34.08 and a beta of 5.52. The business has a 50-day moving average of $18.65 and a 200-day moving average of $18.88.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The business had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. On average, equities analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current year.

About MARA

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.