Federation des caisses Desjardins du Quebec Has $1.10 Million Stock Holdings in Marathon Digital Holdings, Inc. $MARA

Federation des caisses Desjardins du Quebec boosted its stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 161.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,667 shares of the business services provider's stock after purchasing an additional 59,130 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Marathon Digital were worth $1,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Marathon Digital by 2.0% during the fourth 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. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Marathon Digital in the fourth quarter valued at approximately $306,000. Ameriprise Financial Inc. increased its stake in shares of Marathon Digital by 1.5% in the fourth quarter. Ameriprise Financial Inc. now owns 957,213 shares of the business services provider's stock valued at $16,052,000 after purchasing an additional 14,112 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Marathon Digital during the fourth quarter valued at approximately $839,000. Finally, Baird Financial Group Inc. increased its stake in shares of Marathon Digital by 13.2% during the fourth quarter. Baird Financial Group Inc. now owns 10,620 shares of the business services provider's stock valued at $178,000 after acquiring an additional 1,238 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

Marathon Digital Trading Up 0.1%

NASDAQ MARA traded up $0.02 during trading hours on Thursday, hitting $15.88. The company's stock had a trading volume of 38,338,783 shares, compared to its average volume of 43,482,363. The stock has a fifty day moving average of $16.72 and a 200 day moving average of $14.97. Marathon Digital Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $30.28. The firm has a market capitalization of $5.88 billion, a P/E ratio of 14.33 and a beta of 6.35. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47.

Marathon Digital (NASDAQ:MARA - Get Free Report) last issued its 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 quarter in the prior year, the firm earned ($0.72) earnings per share. The business's quarterly revenue was up 64.0% on a year-over-year basis. Equities research analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Activity at Marathon Digital

In other news, Director Vicki Mealer-Burke sold 14,887 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $15.22, for a total transaction of $226,580.14. Following the completion of the sale, the director owned 58,103 shares in the company, valued at approximately $884,327.66. This trade represents a 20.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Salman Hassan Khan sold 34,732 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $19.05, for a total transaction of $661,644.60. Following the sale, the chief financial officer owned 324,572 shares of the company's stock, valued at approximately $6,183,096.60. This represents a 9.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 168,866 shares of company stock valued at $2,846,190. Corporate insiders own 0.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on MARA shares. Macquarie lifted their price target on shares of Marathon Digital from $19.00 to $26.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. BTIG Research reissued a "buy" rating and set a $27.00 target price on shares of Marathon Digital in a research note on Friday, September 5th. JPMorgan Chase & Co. upgraded shares of Marathon Digital from a "neutral" rating to an "overweight" rating and raised their price target for the company from $19.00 to $22.00 in a report on Monday, July 28th. Piper Sandler raised their target price on Marathon Digital from $23.00 to $26.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 target price on shares of Marathon Digital in a report on Wednesday, July 30th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Marathon Digital presently has an average rating of "Moderate Buy" and an average 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.