MARA Holdings, Inc. (NASDAQ:MARA) Holdings Raised by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,685 shares of the business services provider’s stock after purchasing an additional 6,392 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in MARA were worth $1,269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MARA. Creative Planning raised its stake in shares of MARA by 17.2% during the third quarter. Creative Planning now owns 33,864 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 4,974 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of MARA by 1,522.0% during the third quarter. International Assets Investment Management LLC now owns 19,561 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 18,355 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of MARA by 2.0% during the third quarter. New York State Teachers Retirement System now owns 275,957 shares of the business services provider’s stock valued at $4,476,000 after purchasing an additional 5,479 shares in the last quarter. First Trust Direct Indexing L.P. bought a new stake in MARA in the third quarter worth about $166,000. Finally, Financial Advocates Investment Management raised its position in MARA by 5.2% in the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after acquiring an additional 700 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Thursday. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Thursday. Finally, Macquarie boosted their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, MARA presently has an average rating of “Hold” and an average price target of $25.67.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the transaction, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at $43,149,031.50. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,215 shares of company stock valued at $2,033,766 in the last 90 days. 0.80% of the stock is currently owned by corporate insiders.

MARA Price Performance

NASDAQ MARA opened at $13.92 on Friday. 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 Holdings, Inc. has a 1 year low of $12.05 and a 1 year high of $30.71. The stock’s 50-day moving average price is $17.52 and its two-hundred day moving average price is $18.42. The company has a market cap of $4.72 billion, a PE ratio of 17.62 and a beta of 5.76.

MARA (NASDAQ:MARA) last released its earnings results 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. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. On average, analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current year.

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.