Nuveen Asset Management LLC Acquires 41,929 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Nuveen Asset Management LLC boosted its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 822,705 shares of the business services provider's stock after purchasing an additional 41,929 shares during the period. Nuveen Asset Management LLC owned about 0.24% of MARA worth $13,797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MARA. Janney Montgomery Scott LLC lifted its stake in MARA by 21.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,545 shares of the business services provider's stock worth $261,000 after purchasing an additional 2,712 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of MARA by 116.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 7,281 shares of the business services provider's stock worth $122,000 after buying an additional 3,915 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in shares of MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after buying an additional 860 shares in the last quarter. PFG Investments LLC acquired a new position in shares of MARA during the fourth quarter worth $185,000. Finally, KBC Group NV increased its holdings in shares of MARA by 63.4% during the fourth quarter. KBC Group NV now owns 11,505 shares of the business services provider's stock worth $193,000 after buying an additional 4,465 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

MARA Stock Down 5.7%

Shares of MARA opened at $14.76 on Tuesday. The company has a market capitalization of $5.20 billion, a PE ratio of 18.69 and a beta of 6.82. MARA Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The stock's 50-day moving average price is $13.57 and its two-hundred day moving average price is $17.08. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results on Thursday, May 8th. The business services provider reported ($0.40) EPS 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 analyst estimates of $234.19 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm's quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 earnings per share. On average, analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 33,400 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $15.00, for a total transaction of $501,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,680,971 shares in the company, valued at approximately $25,214,565. This trade represents a 1.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 55,010 shares of the stock in a transaction dated 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 approximately $62,202,060. The trade was a 1.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,315 shares of company stock valued at $2,322,961. 0.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on MARA shares. Barclays upped their price target on shares of MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a report on Thursday, February 27th. Compass Point reiterated a "sell" rating and set a $9.50 price target (down from $25.00) on shares of MARA in a report on Tuesday, May 6th. HC Wainwright reiterated a "buy" rating and set a $28.00 price target on shares of MARA in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $20.72.

MARA 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.