Mutual of America Capital Management LLC Lowers Holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Mutual of America Capital Management LLC trimmed its holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 76.3% in the 1st quarter, according to its most recent disclosure with the SEC. 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 quarter.

Other hedge funds have also modified their holdings of the company. Park Square Financial Group LLC purchased a new position in Marathon Digital during the 4th quarter valued at about $27,000. Sterling Capital Management LLC boosted its position 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 valued at $31,000 after buying an additional 1,426 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Marathon Digital in the 4th quarter valued at approximately $50,000. CIBC Private Wealth Group LLC boosted its position in Marathon Digital by 211.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,500 shares of the business services provider's stock valued at $64,000 after buying an additional 2,375 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Marathon Digital by 28.9% in 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 during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Rosenblatt Securities lifted their price target on shares of Marathon Digital from $17.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. HC Wainwright restated a "buy" rating and set a $28.00 target price on shares of Marathon Digital in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on Marathon Digital from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, June 13th. Barclays boosted their price objective on shares of Marathon Digital from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Finally, Compass Point restated a "sell" rating and set a $9.50 price objective (down previously from $25.00) on shares of Marathon Digital in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Marathon Digital presently has an average rating of "Hold" and an average price target of $21.28.

Insiders Place Their Bets

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $19.52, for a total transaction of $536,897.60. Following the completion of the sale, the chief executive officer owned 3,946,504 shares of the company's stock, valued at approximately $77,035,758.08. The trade was a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 34,732 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $19.05, for a total value of $661,644.60. Following the sale, the chief financial officer owned 324,572 shares of the company's stock, valued at $6,183,096.60. The trade was a 9.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 262,090 shares of company stock valued at $4,270,591. Company insiders own 0.80% of the company's stock.

Marathon Digital Trading Up 5.6%

Shares of MARA stock opened at $19.88 on Wednesday. Marathon Digital Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. The stock has a market cap of $7.00 billion, a P/E ratio of -13.71 and a beta of 6.53. The business has a fifty day simple moving average of $16.32 and a 200-day simple moving average of $15.42. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.62.

Marathon Digital (NASDAQ:MARA - Get Free Report) last released its quarterly 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). The company had revenue of $213.88 million for the quarter, compared to analysts' expectations of $234.19 million. Marathon Digital had a positive return on equity of 6.33% and a negative net margin of 46.68%. The business's quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 EPS. On average, analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Marathon Digital 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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