Groupama Asset Managment Takes $4.60 Million Position in Marathon Digital Holdings, Inc. $MARA

Key Points

• Groupama Asset Management has acquired a new position in Marathon Digital Holdings, purchasing 400,000 shares valued at approximately $4.60 million, equating to about 0.11% of the company's stock.
• Several institutional investors, including Sterling Capital Management and Archer Investment Corp, significantly increased their holdings in Marathon Digital during the recent quarters, indicating growing interest in the stock.
• Marathon Digital reported a net margin of 85.02% and significant revenue growth of 64% year-over-year, with earnings per share surpassing expectations at $1.84.

Groupama Asset Managment purchased a new position in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 400,000 shares of the business services provider's stock, valued at approximately $4,600,000. Groupama Asset Managment owned approximately 0.11% of Marathon Digital at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MARA. Park Square Financial Group LLC bought a new stake in shares of Marathon Digital in the 4th quarter valued at approximately $27,000. Sterling Capital Management LLC lifted its position in Marathon Digital by 358.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after buying an additional 1,426 shares during the last quarter. NewEdge Advisors LLC lifted its position in Marathon Digital by 28.9% in the fourth quarter. NewEdge Advisors LLC now owns 4,640 shares of the business services provider's stock worth $78,000 after buying an additional 1,040 shares during the last quarter. CX Institutional purchased a new position in Marathon Digital during the first quarter worth $68,000. Finally, Archer Investment Corp boosted its stake in Marathon Digital by 6,800.0% during the first quarter. Archer Investment Corp now owns 6,900 shares of the business services provider's stock worth $79,000 after buying an additional 6,800 shares during the period. 44.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Marathon Digital

In related news, CFO Salman Hassan Khan sold 34,732 shares of Marathon Digital stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $15.73, for a total value of $546,334.36. Following the completion of the sale, the chief financial officer directly owned 353,160 shares in the company, valued at $5,555,206.80. The trade was a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $15.28, for a total transaction of $420,276.40. Following the completion of the sale, the chief executive officer directly owned 3,810,799 shares of the company's stock, valued at approximately $58,229,008.72. This trade represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 189,712 shares of company stock valued at $3,186,128 over the last quarter. Company insiders own 0.80% of the company's stock.

Marathon Digital Price Performance

Shares of MARA stock opened at $15.17 on Wednesday. The company has a market capitalization of $5.62 billion, a P/E ratio of 13.67 and a beta of 6.24. The company's 50-day simple moving average is $16.57 and its two-hundred day simple moving average is $15.05. Marathon Digital Holdings, Inc. has a one year low of $9.81 and a one year high of $30.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.54 and a quick ratio of 0.54.

Marathon Digital (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.84 earnings per share 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 previous year, the firm posted ($0.72) earnings per share. The company's revenue was up 64.0% on a year-over-year basis. As a group, equities analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MARA. Cantor Fitzgerald increased their target price on shares of Marathon Digital from $34.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Piper Sandler raised their price objective on shares of Marathon Digital from $23.00 to $26.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. HC Wainwright restated a "buy" rating and set a $28.00 target price on shares of Marathon Digital in a research report on Thursday, April 24th. Macquarie increased their price target on Marathon Digital from $19.00 to $26.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Barclays raised their price target on Marathon Digital from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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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