American Century Companies Inc. Boosts Stake in Marathon Digital Holdings, Inc. $MARA

American Century Companies Inc. raised its position in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 55.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,289,953 shares of the business services provider's stock after buying an additional 2,250,082 shares during the period. American Century Companies Inc. owned 1.79% of Marathon Digital worth $72,334,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in Marathon Digital by 307.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 63,371 shares of the business services provider's stock valued at $729,000 after buying an additional 47,826 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Marathon Digital by 1,521.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,823 shares of the business services provider's stock worth $147,000 after purchasing an additional 12,032 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Marathon Digital by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 239,195 shares of the business services provider's stock worth $4,011,000 after purchasing an additional 75,668 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Marathon Digital by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 207,839 shares of the business services provider's stock worth $3,485,000 after purchasing an additional 3,998 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Marathon Digital by 59.3% during the 4th quarter. Stifel Financial Corp now owns 41,497 shares of the business services provider's stock worth $696,000 after purchasing an additional 15,447 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company's stock.

Marathon Digital Stock Up 2.7%

Marathon Digital stock opened at $16.09 on Tuesday. Marathon Digital Holdings, Inc. has a 1-year low of $9.81 and a 1-year high of $30.28. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 14.50 and a beta of 6.24. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.47. The firm has a 50 day simple moving average of $16.60 and a 200 day simple moving average of $15.05.

Marathon Digital (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.84 EPS for the quarter, beating the consensus estimate of ($0.29) by $2.13. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. The firm had revenue of $238.50 million during the quarter, compared to the consensus estimate of $212.25 million. During the same period last year, the firm earned ($0.72) EPS. The business's quarterly revenue was up 64.0% compared to the same quarter last year. On average, analysts predict that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Buying and Selling at Marathon Digital

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $19.52, for a total value of $536,897.60. Following the completion of the transaction, the chief executive officer directly owned 3,946,504 shares of the company's stock, valued at $77,035,758.08. This trade represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Salman Hassan Khan sold 34,733 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $15.85, for a total transaction of $550,518.05. Following the completion of the transaction, the chief financial officer directly owned 1,413,298 shares of the company's stock, valued at approximately $22,400,773.30. The trade was a 2.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,475 shares of company stock valued at $2,219,517. Insiders own 0.80% of the company's stock.

Analyst Ratings Changes

MARA has been the subject of several research analyst reports. Macquarie raised their price target on shares of Marathon Digital from $19.00 to $26.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. HC Wainwright restated a "buy" rating and set a $28.00 price target on shares of Marathon Digital in a research note on Thursday, April 24th. Barclays raised their price target on shares of Marathon Digital from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. upgraded shares of Marathon Digital from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $19.00 to $22.00 in a research note on Monday, July 28th. Finally, Compass Point upgraded shares of Marathon Digital from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $9.50 to $18.00 in a research note on Friday, July 25th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.22.

Marathon Digital 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.

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