MARA Holdings, Inc. (NASDAQ:MARA) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 18.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,293,531 shares of the business services provider's stock after acquiring an additional 504,142 shares during the period. Northern Trust Corp owned about 0.97% of MARA worth $55,233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MARA. Capital Advisors Inc. OK acquired a new position in MARA during the 4th quarter worth $699,000. Arkadios Wealth Advisors acquired a new position in MARA in the fourth quarter worth about $231,000. Foundations Investment Advisors LLC increased its holdings in MARA by 61.2% in 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 buying an additional 42,494 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in MARA by 14.0% during the fourth 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 buying an additional 372,094 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings 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 buying an additional 135,133 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly 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 accessible 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 directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MARA shares. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a report on Thursday, February 27th. Compass Point reiterated a "sell" rating and set a $9.50 target price (down previously from $25.00) on shares of MARA in a research note on Tuesday. HC Wainwright restated a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price objective on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Rosenblatt Securities began coverage on shares of MARA in a report on Friday, March 7th. They issued a "buy" rating and a $19.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.50.

MARA Stock Performance

MARA stock traded up $1.45 during midday trading on Friday, reaching $15.74. 86,364,500 shares of the stock traded hands, compared to its average volume of 45,007,765. The firm has a fifty day moving average price of $13.08 and a two-hundred day moving average price of $17.25. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 19.92 and a beta of 6.82. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The business had revenue of $213.88 million during the quarter, compared to the consensus estimate of $234.19 million. During the same period last year, the company earned $1.26 earnings per share. The business's quarterly revenue was up 29.5% compared to the same quarter last year. On average, equities research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

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.