Capital Research Global Investors Purchases Shares of 3,728,896 Marathon Digital Holdings, Inc. $MARA

Key Points

• Capital Research Global Investors acquired 3,728,896 shares of Marathon Digital (≈$68.1M), bringing its stake to about 0.99%, while Vanguard holds 45,311,718 shares and institutional investors own roughly 44.53% of the company.
• Marathon Digital reported a major earnings miss, delivering EPS of ($4.52) vs. consensus ($0.23) and revenue of $202.3M vs. $250.7M, resulting in negative net margin and return on equity.
• Insiders sold shares during the quarter — including CEO Frederick Thiel and CFO Salman Khan — with total insider sales of 133,247 shares (~$1.33M), leaving insiders with about 0.80% ownership.

Capital Research Global Investors acquired a new stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,728,896 shares of the business services provider's stock, valued at approximately $68,090,000. Capital Research Global Investors owned approximately 0.99% of Marathon Digital at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Marex Group plc bought a new position in shares of Marathon Digital in the second quarter valued at $84,301,000. Vanguard Group Inc. boosted its stake in shares of Marathon Digital by 9.8% during the 3rd quarter. Vanguard Group Inc. now owns 45,311,718 shares of the business services provider's stock worth $827,392,000 after acquiring an additional 4,049,979 shares in the last quarter. Norges Bank acquired a new position in shares of Marathon Digital in the 2nd quarter worth $59,255,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Marathon Digital by 144.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,003,747 shares of the business services provider's stock worth $15,739,000 after acquiring an additional 592,493 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Marathon Digital by 259.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 709,473 shares of the business services provider's stock worth $12,955,000 after purchasing an additional 511,879 shares during the period. Institutional investors and hedge funds own 44.53% of the company's stock.

Insider Transactions at Marathon Digital

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $10.80, for a total transaction of $297,054.00. Following the completion of the sale, the chief executive officer directly owned 3,517,566 shares in the company, valued at approximately $37,989,712.80. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 34,732 shares of the business's stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $11.48, for a total transaction of $398,723.36. Following the transaction, the chief financial officer directly owned 248,566 shares in the company, valued at $2,853,537.68. The trade was a 12.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 133,247 shares of company stock worth $1,325,255 in the last quarter. 0.80% of the stock is owned by corporate insiders.

Marathon Digital Stock Performance

Shares of Marathon Digital stock opened at $8.55 on Thursday. Marathon Digital Holdings, Inc. has a 12 month low of $6.66 and a 12 month high of $23.45. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.92. The stock has a market cap of $3.25 billion, a PE ratio of -2.16 and a beta of 5.51. The business has a fifty day simple moving average of $9.18 and a 200-day simple moving average of $13.09.

Marathon Digital (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The business services provider reported ($4.52) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($4.29). Marathon Digital had a negative net margin of 144.58% and a negative return on equity of 19.01%. The business had revenue of $202.31 million for the quarter, compared to analyst estimates of $250.74 million. During the same period in the previous year, the firm posted $1.24 earnings per share. The firm's quarterly revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MARA has been the subject of a number of recent analyst reports. Piper Sandler decreased their price target on Marathon Digital from $26.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, January 14th. Compass Point upgraded Marathon Digital from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a report on Monday, November 24th. JPMorgan Chase & Co. reduced their price objective on shares of Marathon Digital from $20.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, November 24th. Weiss Ratings cut shares of Marathon Digital from a "hold (c-)" rating to a "sell (d)" rating in a report on Friday, March 6th. Finally, Morgan Stanley started coverage on shares of Marathon Digital in a research report on Monday, February 9th. They issued an "underweight" rating and a $8.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $20.00.

Marathon Digital Profile

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.

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