MARA Holdings, Inc. (NASDAQ:MARA) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,645,776 shares of the business services provider's stock after purchasing an additional 264,916 shares during the period. First Trust Advisors LP owned 0.48% of MARA worth $27,600,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MARA. Capital Advisors Inc. OK purchased a new position in MARA during the 4th quarter worth $699,000. Arkadios Wealth Advisors purchased a new stake in shares of MARA during the fourth quarter worth about $231,000. Foundations Investment Advisors LLC increased its holdings in shares of MARA by 61.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider's stock valued at $1,877,000 after acquiring an additional 42,494 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of MARA by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock valued at $50,787,000 after purchasing an additional 372,094 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in MARA by 17.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 899,004 shares of the business services provider's stock worth $15,076,000 after purchasing an additional 135,133 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

MARA Price Performance

Shares of NASDAQ:MARA traded down $0.02 during trading on Tuesday, reaching $14.00. 12,942,005 shares of the company's stock traded hands, compared to its average volume of 44,981,546. The firm has a market cap of $4.84 billion, a PE ratio of 17.74 and a beta of 6.10. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. 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 company has a 50-day simple moving average of $13.05 and a 200-day simple moving average of $17.49.

MARA (NASDAQ:MARA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. As a group, analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

MARA has been the subject of several research reports. Rosenblatt Securities initiated coverage on shares of MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 price objective for the company. HC Wainwright reiterated a "buy" rating and set a $28.00 price target on shares of MARA in a research note on Thursday, April 24th. Barclays decreased their target price on MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Piper Sandler reduced their price target on shares of MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $22.80.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares of the company's stock, valued at $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company's stock.

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.