MARA Holdings, Inc. (NASDAQ:MARA) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 33.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 579,408 shares of the business services provider's stock after purchasing an additional 145,953 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of MARA worth $9,717,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC bought a new position in shares of MARA in the fourth quarter worth about $26,000. Sterling Capital Management LLC lifted its holdings in MARA by 358.3% during 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 in the last quarter. Spire Wealth Management lifted its holdings in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after buying an additional 599 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in MARA during the 4th quarter valued at about $50,000. Finally, Blue Trust Inc. lifted its holdings in MARA by 415.6% during the 4th quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider's stock valued at $56,000 after buying an additional 2,693 shares in the last quarter. Institutional investors own 44.53% of the company's stock.

MARA Price Performance

Shares of NASDAQ:MARA traded down $0.44 during midday trading on Friday, hitting $14.17. The company's stock had a trading volume of 35,014,013 shares, compared to its average volume of 45,187,923. The company has a market cap of $4.99 billion, a P/E ratio of 17.94 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 business's 50 day simple moving average is $13.70 and its 200 day simple moving average is $16.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA - Get Free Report) last issued its 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The company's revenue for the quarter was up 29.5% on a year-over-year basis. On average, analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling

In other MARA news, Director Douglas K. Mellinger sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $16.00, for a total value of $48,000.00. Following the completion of the transaction, the director now owns 176,859 shares of the company's stock, valued at $2,829,744. This trade represents a 1.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frederick G. Thiel sold 55,010 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 4,146,804 shares of the company's stock, valued at $62,202,060. This represents a 1.31% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,315 shares of company stock worth $2,322,961. 0.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.