Los Angeles Capital Management LLC Takes $510,000 Position in MARA Holdings, Inc. (NASDAQ:MARA)

Los Angeles Capital Management LLC purchased a new position in MARA Holdings, Inc. (NASDAQ:MARA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,418 shares of the business services provider’s stock, valued at approximately $510,000.

Other institutional investors also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D grew its stake in MARA by 6.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 106,874 shares of the business services provider’s stock worth $1,733,000 after acquiring an additional 6,167 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in MARA by 6.6% in the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after purchasing an additional 1,170 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in MARA during the 3rd quarter worth $50,000. Principal Financial Group Inc. raised its position in MARA by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after purchasing an additional 37,150 shares in the last quarter. Finally, Harvest Portfolios Group Inc. lifted its holdings in shares of MARA by 17.5% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 59,037 shares of the business services provider’s stock worth $958,000 after buying an additional 8,778 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MARA shares. Macquarie began coverage on MARA in a research note on Tuesday, September 24th. They set an “outperform” rating and a $22.00 price target on the stock. Cantor Fitzgerald assumed coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Finally, HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.57.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the sale, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. The trade was a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $15.70, for a total transaction of $262,190.00. Following the transaction, the chief financial officer now directly owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 91,417 shares of company stock valued at $1,524,546 over the last ninety days. 0.97% of the stock is currently owned by insiders.

MARA Trading Up 1.3 %

MARA stock opened at $21.07 on Friday. MARA Holdings, Inc. has a one year low of $9.21 and a one year high of $34.09. The stock has a market cap of $6.78 billion, a PE ratio of 26.67 and a beta of 5.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.75 and a current ratio of 4.00. The stock has a 50-day moving average of $17.38 and a two-hundred day moving average of $18.60.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. During the same quarter last year, the business earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. On average, research analysts anticipate that MARA Holdings, Inc. will post -1.05 EPS for the current fiscal year.

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.