GTS Securities LLC Decreases Position in MARA Holdings, Inc. (NASDAQ:MARA)

GTS Securities LLC cut its holdings in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 88.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,679 shares of the business services provider's stock after selling 232,047 shares during the period. GTS Securities LLC's holdings in MARA were worth $498,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MARA. Vanguard Group Inc. boosted its holdings in shares of MARA by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock worth $650,390,000 after purchasing an additional 2,706,271 shares during the period. Geode Capital Management LLC boosted its stake in MARA by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock worth $128,755,000 after buying an additional 518,503 shares during the period. American Century Companies Inc. boosted its stake in MARA by 44.3% during the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after buying an additional 1,240,354 shares during the period. Northern Trust Corp boosted its stake in MARA by 18.1% during the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider's stock worth $55,233,000 after buying an additional 504,142 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of MARA by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock worth $50,787,000 after purchasing an additional 372,094 shares during the period. 44.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays lifted their price target on shares of MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Needham & Company LLC restated a "hold" rating on shares of MARA in a research report on Thursday, February 27th. Rosenblatt Securities boosted their target price on MARA from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Compass Point restated a "sell" rating and set a $9.50 price objective (down previously from $25.00) on shares of MARA in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.83.

Insider Buying and Selling

In related news, Director Douglas K. Mellinger sold 3,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $16.00, for a total transaction of $48,000.00. Following the completion of the sale, the director now directly owns 176,859 shares in the company, valued at $2,829,744. This represents a 1.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Frederick G. Thiel sold 55,010 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $825,150.00. Following the sale, the chief executive officer now owns 4,146,804 shares of the company's stock, valued at $62,202,060. This trade represents a 1.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,315 shares of company stock valued at $2,322,961 over the last three months. 0.80% of the stock is owned by company insiders.

MARA Trading Down 9.6%

Shares of NASDAQ MARA traded down $1.58 during trading hours on Wednesday, reaching $14.86. The stock had a trading volume of 57,173,951 shares, compared to its average volume of 45,233,622. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 18.81 and a beta of 6.82. The business's fifty day moving average price is $13.70 and its two-hundred day moving average price is $17.06. MARA Holdings, Inc. has a 52-week low of $9.81 and a 52-week high of $30.28.

MARA (NASDAQ:MARA - Get Free Report) last issued its earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.06). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $213.88 million during the quarter, compared to analysts' expectations of $234.19 million. During the same quarter in the prior year, the company posted $1.26 earnings per share. MARA's quarterly revenue was up 29.5% compared to the same quarter last year. Analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

MARA 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.