Advantage Alpha Capital Partners LP Makes New $315,000 Investment in MARA Holdings, Inc. (NASDAQ:MARA)

Advantage Alpha Capital Partners LP purchased a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 18,808 shares of the business services provider’s stock, valued at approximately $315,000.

Several other hedge funds have also made changes to their positions in MARA. Vanguard Group Inc. increased its stake in MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after purchasing an additional 2,706,271 shares during the last quarter. American Century Companies Inc. increased its stake in shares of MARA by 44.3% during the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock valued at $67,749,000 after acquiring an additional 1,240,354 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of MARA by 51.6% during the 4th quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider’s stock worth $28,120,000 after acquiring an additional 570,803 shares during the period. Principal Financial Group Inc. boosted its position in shares of MARA by 37.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider’s stock worth $32,061,000 after acquiring an additional 519,900 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after purchasing an additional 378,542 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MARA shares. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. Barclays cut their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Thursday, February 27th. Piper Sandler cut their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, Rosenblatt Securities started coverage on MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, MARA has an average rating of “Hold” and an average price target of $22.80.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the sale, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,710 shares of company stock worth $1,226,825 over the last ninety days. Corporate insiders own 0.80% of the company’s stock.

MARA Stock Up 18.0 %

NASDAQ MARA opened at $14.61 on Tuesday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a fifty-two week low of $12.03 and a fifty-two week high of $30.28. The business has a 50 day moving average price of $15.91 and a two-hundred day moving average price of $18.11. The stock has a market cap of $5.05 billion, a PE ratio of 18.49 and a beta of 5.95.

MARA (NASDAQ:MARA) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. As a group, sell-side analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal 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.