Marathon Digital Holdings, Inc. (NASDAQ:MARA) Shares Sold by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC has significantly decreased its stake in Marathon Digital Holdings by 76.3%, now holding 49,420 shares worth approximately $568,000.
• Despite the reduction in some holdings, other institutional investors like Deutsche Bank AG, Charles Schwab, and Vanguard Group have increased their stakes in Marathon Digital, indicating mixed sentiment among hedge funds.
• Marathon Digital reported impressive financial results for the last quarter, with earnings per share at $1.84, surpassing analyst expectations of ($0.29), and a year-over-year revenue increase of 64.0%.

Mutual of America Capital Management LLC lessened its holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 76.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,420 shares of the business services provider's stock after selling 158,873 shares during the period. Mutual of America Capital Management LLC's holdings in Marathon Digital were worth $568,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Park Square Financial Group LLC purchased a new stake in Marathon Digital in the 4th quarter worth approximately $27,000. Sterling Capital Management LLC increased its holdings in Marathon Digital by 358.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after acquiring an additional 1,426 shares in the last quarter. CX Institutional purchased a new stake in Marathon Digital during the 1st quarter valued at approximately $68,000. NewEdge Advisors LLC grew its holdings in Marathon Digital by 28.9% during the 4th quarter. NewEdge Advisors LLC now owns 4,640 shares of the business services provider's stock valued at $78,000 after buying an additional 1,040 shares in the last quarter. Finally, Archer Investment Corp grew its holdings in Marathon Digital by 6,800.0% during the 1st quarter. Archer Investment Corp now owns 6,900 shares of the business services provider's stock valued at $79,000 after buying an additional 6,800 shares in the last quarter. Institutional investors own 44.53% of the company's stock.

Analyst Ratings Changes

MARA has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of Marathon Digital from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. JPMorgan Chase & Co. raised shares of Marathon Digital from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $19.00 to $22.00 in a report on Monday, July 28th. Macquarie increased their price objective on shares of Marathon Digital from $19.00 to $26.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Piper Sandler increased their price objective on shares of Marathon Digital from $23.00 to $26.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Cantor Fitzgerald boosted their price target on shares of Marathon Digital from $34.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.22.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $19.52, for a total value of $536,897.60. Following the sale, the chief executive officer owned 3,946,504 shares in the company, valued at $77,035,758.08. This represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Salman Hassan Khan sold 34,733 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $15.85, for a total value of $550,518.05. Following the completion of the sale, the chief financial officer 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 90 days, insiders have sold 171,680 shares of company stock worth $2,912,651. Corporate insiders own 0.80% of the company's stock.

Marathon Digital Stock Down 0.7%

Marathon Digital stock traded down $0.11 during trading hours on Thursday, reaching $15.76. The stock had a trading volume of 43,109,636 shares, compared to its average volume of 42,117,984. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 14.19 and a beta of 6.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.54 and a quick ratio of 0.54. The business's 50 day moving average price is $16.59 and its 200-day moving average price is $15.15. Marathon Digital Holdings, Inc. has a 52 week low of $9.81 and a 52 week high of $30.28.

Marathon Digital (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.84 earnings per share (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 for the quarter, compared to the consensus estimate of $212.25 million. During the same quarter in the prior year, the company posted ($0.72) earnings per share. The company's revenue for the quarter was up 64.0% compared to the same quarter last year. Sell-side analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current year.

About Marathon Digital

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.