Rhumbline Advisers Has $10.55 Million Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Rhumbline Advisers increased its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 10.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 917,299 shares of the business services provider's stock after acquiring an additional 83,242 shares during the period. Rhumbline Advisers owned about 0.27% of MARA worth $10,549,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beacon Capital Management LLC bought a new position in shares of MARA in the 4th quarter valued at $26,000. Park Square Financial Group LLC bought a new position in shares of MARA in the fourth quarter valued at $27,000. Sterling Capital Management LLC grew its holdings in MARA by 358.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after buying an additional 1,426 shares in the last quarter. Spire Wealth Management grew its position in MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after purchasing an additional 599 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in MARA during the fourth quarter valued at about $50,000. Institutional investors own 44.53% of the company's stock.

MARA Stock Performance

NASDAQ:MARA traded down $0.14 during midday trading on Wednesday, hitting $16.35. The company's stock had a trading volume of 40,603,735 shares, compared to its average volume of 45,099,261. The firm has a market cap of $5.75 billion, a P/E ratio of 20.70 and a beta of 6.61. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. The firm's 50 day moving average is $14.13 and its 200-day moving average is $16.57. 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 (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). The firm had revenue of $213.88 million during 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 company's quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Equities analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 55,010 shares of MARA stock in a transaction on Friday, May 9th. The shares were sold at an average price of $15.00, for a total transaction 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 approximately $62,202,060. The trade was a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 33,400 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $15.00, for a total value of $501,000.00. Following the transaction, the chief financial officer now owns 1,680,971 shares in the company, valued at $25,214,565. This represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,615 shares of company stock worth $2,083,284 in the last three months. 0.80% of the stock is owned by corporate insiders.

About MARA

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.