Central Asset Investments & Management Holdings HK Ltd Buys Shares of 14,000 MARA Holdings, Inc. (NASDAQ:MARA)

Central Asset Investments & Management Holdings HK Ltd bought a new position in MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,000 shares of the business services provider’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning raised its stake in MARA by 17.2% during the third quarter. Creative Planning now owns 33,864 shares of the business services provider’s stock worth $549,000 after purchasing an additional 4,974 shares during the period. Signaturefd LLC increased its position in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after acquiring an additional 1,273 shares in the last quarter. International Assets Investment Management LLC boosted its position in MARA by 1,522.0% during the 3rd quarter. International Assets Investment Management LLC now owns 19,561 shares of the business services provider’s stock worth $317,000 after purchasing an additional 18,355 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of MARA by 50.4% in the third quarter. Assenagon Asset Management S.A. now owns 143,188 shares of the business services provider’s stock worth $2,323,000 after buying an additional 47,965 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in MARA by 4.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 168,151 shares of the business services provider’s stock worth $2,727,000 after acquiring an additional 7,363 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. B. Riley raised their target price on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. HC Wainwright restated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Macquarie lifted their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Finally, Piper Sandler began coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, MARA currently has an average rating of “Hold” and a consensus price target of $25.67.

Insiders Place Their Bets

In related news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the sale, the director now directly owns 135,756 shares of the company’s stock, valued at $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,015 shares of company stock worth $2,237,086. 0.80% of the stock is owned by insiders.

MARA Stock Performance

MARA opened at $12.45 on Thursday. MARA Holdings, Inc. has a 1-year low of $12.05 and a 1-year high of $34.09. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 15.76 and a beta of 5.76. The business has a 50 day moving average price of $17.78 and a two-hundred day moving average price of $18.46. 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 (NASDAQ:MARA) last announced 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%. Research analysts predict that MARA Holdings, Inc. will post -1.04 EPS 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.