United Advisor Group LLC Buys 20,007 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

United Advisor Group LLC grew its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 64.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,007 shares of the business services provider's stock after acquiring an additional 20,007 shares during the period. United Advisor Group LLC's holdings in MARA were worth $855,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MARA. Norges Bank purchased a new position in MARA in the 4th quarter valued at approximately $46,413,000. Vanguard Group Inc. lifted its stake in MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock worth $650,390,000 after purchasing an additional 2,706,271 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in MARA by 192.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider's stock worth $31,817,000 after purchasing an additional 1,248,292 shares during the last quarter. American Century Companies Inc. raised its stake in shares of MARA by 44.3% during the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock valued at $67,749,000 after acquiring an additional 1,240,354 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of MARA during the fourth quarter valued at about $13,416,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

MARA Price Performance

MARA stock traded up $1.71 during midday trading on Tuesday, hitting $16.44. The company's stock had a trading volume of 66,010,556 shares, compared to its average volume of 45,201,302. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock's 50-day moving average price is $13.57 and its 200-day moving average price is $17.08. MARA Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The company has a market capitalization of $5.79 billion, a PE ratio of 20.81 and a beta of 6.82.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly 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 firm had revenue of $213.88 million during the quarter, compared to the consensus estimate of $234.19 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company'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 EPS. Analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Transactions at MARA

In other news, CEO Frederick G. Thiel sold 55,010 shares of the business's stock in a transaction on Friday, May 9th. The stock was 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,315 shares of company stock worth $2,322,961. Insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MARA shares. Piper Sandler cut their price target on shares of MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. cut their target price on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Barclays lifted their price target on shares of MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Rosenblatt Securities boosted their price objective on shares of MARA from $17.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Needham & Company LLC reissued a "hold" rating on shares of MARA in a research report on Thursday, February 27th. One equities 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.