Private Advisor Group LLC lifted its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA – Free Report) by 23.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 280,086 shares of the business services provider’s stock after purchasing an additional 53,887 shares during the period. Private Advisor Group LLC’s holdings in MARA were worth $4,697,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Spire Wealth Management boosted its holdings in shares of MARA by 26.7% during 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 during the last quarter. Financial Advocates Investment Management boosted its holdings in shares of MARA by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after purchasing an additional 700 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in shares of MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after purchasing an additional 1,170 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at MARA
In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay P. Leupp sold 11,200 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the sale, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. The trade was a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,215 shares of company stock valued at $2,540,158 over the last quarter. 0.80% of the stock is owned by company insiders.
MARA Stock Down 8.1 %
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on MARA. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and lifted their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. B. Riley lifted 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. Piper Sandler began coverage on shares of MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target on the stock. Finally, Macquarie lifted their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, MARA currently has a consensus rating of “Hold” and a consensus price target of $25.67.
Read Our Latest Report on MARA
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.
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