Caxton Associates LLP Makes New Investment in Marathon Digital Holdings, Inc. $MARA

Caxton Associates LLP purchased a new position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 133,063 shares of the business services provider's stock, valued at approximately $1,530,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MARA. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 3,998 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Marathon Digital in the 4th quarter valued at about $306,000. Ameriprise Financial Inc. grew its stake in shares of Marathon Digital by 1.5% in the 4th quarter. Ameriprise Financial Inc. now owns 957,213 shares of the business services provider's stock valued at $16,052,000 after buying an additional 14,112 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Marathon Digital in the 4th quarter valued at about $839,000. Finally, Baird Financial Group Inc. grew its stake in shares of Marathon Digital by 13.2% in the 4th quarter. Baird Financial Group Inc. now owns 10,620 shares of the business services provider's stock valued at $178,000 after buying an additional 1,238 shares during the period. 44.53% of the stock is currently owned by institutional investors.

Insider Activity at Marathon Digital

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $15.28, for a total transaction of $420,276.40. Following the transaction, the chief executive officer owned 3,810,799 shares of the company's stock, valued at $58,229,008.72. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 34,733 shares of Marathon Digital stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $15.85, for a total transaction of $550,518.05. Following the transaction, the chief financial officer directly owned 1,413,298 shares in the company, valued at approximately $22,400,773.30. This represents a 2.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 188,712 shares of company stock worth $3,170,128. Insiders own 0.80% of the company's stock.

Marathon Digital Trading Up 4.8%

NASDAQ MARA opened at $15.93 on Wednesday. The firm has a market capitalization of $5.90 billion, a P/E ratio of 14.35 and a beta of 6.35. The business has a fifty day simple moving average of $16.76 and a 200 day simple moving average of $14.96. Marathon Digital Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.47.

Marathon Digital (NASDAQ:MARA - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.84 EPS for the quarter, beating analysts' consensus estimates of ($0.29) by $2.13. Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%.The business had revenue of $238.50 million during the quarter, compared to analyst estimates of $212.25 million. During the same period in the prior year, the firm posted ($0.72) EPS. Marathon Digital'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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MARA. Rosenblatt Securities restated a "buy" rating and issued a $20.00 target price on shares of Marathon Digital in a research note on Wednesday, July 30th. Piper Sandler raised their target price on Marathon Digital from $23.00 to $26.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. BTIG Research restated a "buy" rating and issued a $27.00 target price on shares of Marathon Digital in a research note on Friday, September 5th. Compass Point upgraded Marathon Digital from a "sell" rating to a "neutral" rating and raised their target price for the company from $9.50 to $18.00 in a research note on Friday, July 25th. Finally, Macquarie raised their target price on Marathon Digital from $19.00 to $26.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.50.

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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