Voya Investment Management LLC Has $12.24 Million Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Voya Investment Management LLC lessened its position in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 95.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 729,894 shares of the business services provider's stock after selling 16,893,150 shares during the quarter. Voya Investment Management LLC owned approximately 0.22% of MARA worth $12,240,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MARA. Norges Bank purchased a new position in MARA during the fourth quarter valued at approximately $46,413,000. Vanguard Group Inc. grew its holdings in shares of MARA by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock valued at $650,390,000 after acquiring an additional 2,706,271 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of 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 acquiring an additional 1,248,292 shares during the last quarter. American Century Companies Inc. raised its holdings 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 worth $67,749,000 after acquiring an additional 1,240,354 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in MARA by 1,726.2% during the fourth quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider's stock valued at $12,015,000 after purchasing an additional 677,199 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company's stock.

MARA Stock Performance

Shares of NASDAQ MARA traded up $0.68 during trading hours on Thursday, hitting $14.05. 60,930,523 shares of the company's stock were exchanged, compared to its average volume of 45,126,137. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 17.78 and a beta of 6.10. The company's 50-day moving average price is $12.98 and its 200-day moving average price is $17.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA Holdings, Inc. has a 1-year low of $9.81 and a 1-year high of $30.28.

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 the consensus estimate of ($0.32) by $1.56. The company had revenue of $214.39 million during the quarter, compared to analysts' expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, sell-side analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Activity

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the firm'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 completion of the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA 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 sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MARA shares. Barclays cut their price target on MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. HC Wainwright reiterated a "buy" rating and issued a $28.00 target price on shares of MARA in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Piper Sandler cut their price target on shares of MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, Rosenblatt Securities started coverage on shares of MARA in a report on Friday, March 7th. They issued a "buy" rating and a $19.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, MARA currently has a consensus rating of "Hold" and a consensus target price of $22.80.

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.