SRN Advisors LLC Reduces Position in MARA Holdings, Inc. (NASDAQ:MARA)

SRN Advisors LLC lowered its position in MARA Holdings, Inc. (NASDAQ:MARA) by 56.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,210 shares of the business services provider’s stock after selling 78,000 shares during the period. SRN Advisors LLC’s holdings in MARA were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of MARA. Truvestments Capital LLC purchased a new stake in shares of MARA in the third quarter worth approximately $26,000. Beacon Capital Management LLC bought a new position in MARA in the 4th quarter valued at $26,000. Larson Financial Group LLC increased its stake in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its position in shares of MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Insider Buying and Selling at MARA

In other MARA news, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the transaction, the director now directly owns 135,756 shares of the company’s stock, valued at approximately $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,015 shares of company stock valued at $2,237,086. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on MARA. B. Riley raised their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. Barclays started coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target for the company. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, Piper Sandler began coverage on MARA in a research report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.67.

MARA Stock Up 0.3 %

MARA stock opened at $12.45 on Thursday. MARA Holdings, Inc. has a twelve month low of $12.05 and a twelve month high of $34.09. The business has a fifty day moving average of $17.78 and a two-hundred day moving average of $18.46. The firm has a market cap of $4.23 billion, a P/E ratio of 15.76 and a beta of 5.76. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

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.