Public Employees Retirement System of Ohio Buys New Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Public Employees Retirement System of Ohio bought a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 800,000 shares of the business services provider's stock, valued at approximately $13,416,000. Public Employees Retirement System of Ohio owned 0.24% of MARA at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Capital Advisors Inc. OK bought a new position in MARA during the 4th quarter worth $699,000. Foundations Investment Advisors LLC increased its stake in MARA by 61.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider's stock worth $1,877,000 after acquiring an additional 42,494 shares during the period. Charles Schwab Investment Management Inc. increased its stake in 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 acquiring an additional 372,094 shares during the period. Van ECK Associates Corp boosted its holdings in shares of MARA by 51.6% in the 4th quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider's stock valued at $28,120,000 after purchasing an additional 570,803 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of MARA by 6.6% in the 4th quarter. Rhumbline Advisers now owns 834,057 shares of the business services provider's stock valued at $13,987,000 after purchasing an additional 51,643 shares in the last quarter. Institutional investors own 44.53% of the company's stock.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 33,400 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $501,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,680,971 shares of the company's stock, valued at $25,214,565. The trade was a 1.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frederick G. Thiel sold 55,010 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $15.00, for a total value of $825,150.00. Following the completion of the sale, the chief executive officer now directly owns 4,146,804 shares of the company's stock, valued at $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.

Wall Street Analyst Weigh In

MARA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Piper Sandler reduced their target price on MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Barclays raised their target price on MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Compass Point reaffirmed a "sell" rating and issued a $9.50 target price (down previously from $25.00) on shares of MARA in a report on Tuesday, May 6th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, MARA presently has an average rating of "Hold" and an average target price of $20.83.

MARA Price Performance

Shares of NASDAQ MARA traded up $1.71 during mid-day trading on Tuesday, hitting $16.44. 66,010,556 shares of the stock traded hands, compared to its average volume of 45,201,141. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $30.28. The company has a market cap of $5.79 billion, a PE ratio of 20.81 and a beta of 6.82. The firm has a 50 day simple moving average of $13.57 and a two-hundred day simple moving average of $17.08.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company's revenue was up 29.5% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. As a group, equities research analysts forecast 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.