SLT Holdings LLC Takes Position in MARA Holdings, Inc. (NASDAQ:MARA)

SLT Holdings LLC acquired a new stake in MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, HoldingsChannel reports. The fund acquired 50,250 shares of the business services provider’s stock, valued at approximately $843,000.

Several other institutional investors and hedge funds have also modified their holdings of MARA. Van ECK Associates Corp lifted its holdings in shares of MARA by 51.6% in the 4th quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider’s stock valued at $28,120,000 after buying an additional 570,803 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of MARA by 37.4% in the 4th quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider’s stock valued at $32,061,000 after buying an additional 519,900 shares during the period. Geode Capital Management LLC increased its stake in shares of MARA by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after purchasing an additional 378,542 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of MARA by 14.0% in the 4th 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 purchasing an additional 372,094 shares in the last quarter. Finally, Matauro LLC purchased a new position in shares of MARA in the 4th quarter valued at about $3,676,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MARA shares. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. Piper Sandler cut their price target on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. HC Wainwright restated a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, B. Riley lifted their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. 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 company’s stock. According to MarketBeat, MARA presently has a consensus rating of “Hold” and a consensus target price of $23.30.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the transaction, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This represents a 0.90 % 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 stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the completion of the transaction, the chief executive officer now owns 4,100,585 shares of the company’s stock, valued at $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,915 shares of company stock worth $2,289,443 over the last ninety days. Corporate insiders own 0.80% of the company’s stock.

MARA Price Performance

MARA stock opened at $16.02 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The business has a 50 day simple moving average of $17.05 and a 200-day simple moving average of $18.38. The firm has a market capitalization of $5.54 billion, a PE ratio of 20.28 and a beta of 5.95. MARA Holdings, Inc. has a 1 year low of $12.05 and a 1 year high of $30.28.

MARA (NASDAQ:MARA) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal 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.