Marshall Wace LLP Makes New $4.21 Million Investment in MARA Holdings, Inc. (NASDAQ:MARA)

Marshall Wace LLP purchased a new position in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 250,990 shares of the business services provider's stock, valued at approximately $4,209,000. Marshall Wace LLP owned approximately 0.07% of MARA as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MARA. Franklin Resources Inc. increased its holdings in MARA by 62.5% in the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider's stock worth $537,000 after acquiring an additional 12,157 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider's stock worth $22,577,000 after purchasing an additional 37,150 shares in the last quarter. GAMMA Investing LLC raised its position in shares of MARA by 102.0% during the 4th quarter. GAMMA Investing LLC now owns 12,844 shares of the business services provider's stock valued at $215,000 after purchasing an additional 6,485 shares during the period. Fiduciary Alliance LLC purchased a new position in shares of MARA during the 4th quarter valued at $397,000. Finally, Arkadios Wealth Advisors bought a new position in MARA in the 4th quarter worth $231,000. Institutional investors own 44.53% of the company's stock.

MARA Trading Down 3.2 %

Shares of NASDAQ MARA traded down $0.46 during trading hours on Monday, hitting $13.84. 13,952,951 shares of the company traded hands, compared to its average volume of 45,045,555. The company's 50 day moving average price is $13.08 and its 200 day moving average price is $17.51. MARA Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 17.43 and a beta of 6.10. 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 posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million for the quarter, compared to analysts' expectations of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. On average, equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MARA shares. Barclays lowered their price objective on MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price target on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Piper Sandler cut their price objective on shares of MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. HC Wainwright reiterated a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Thursday. Finally, Rosenblatt Securities began coverage on shares of MARA in a research report on Friday, March 7th. They set a "buy" rating and a $19.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $22.80.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the sale, the chief executive officer now directly owns 3,910,843 shares of the company's stock, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

MARA 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.