Amalgamated Bank Increases Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Amalgamated Bank grew its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 7.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 92,741 shares of the business services provider’s stock after acquiring an additional 6,628 shares during the quarter. Amalgamated Bank’s holdings in MARA were worth $1,555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Truvestments Capital LLC acquired a new stake in shares of MARA during the third quarter worth about $26,000. Beacon Capital Management LLC acquired a new position in MARA in the fourth quarter valued at $26,000. Larson Financial Group LLC raised its holdings in shares of MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its stake 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 buying an additional 860 shares during the period. Finally, Spire Wealth Management grew its holdings in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after buying an additional 599 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MARA. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Thursday. B. Riley lifted their price objective on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Thursday. Barclays began coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. 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 note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.67.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the completion of the transaction, the chief financial officer now directly owns 1,836,129 shares in the company, valued at $43,149,031.50. The trade was a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 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 $646,367.50. Following the sale, the chief executive officer now owns 4,128,090 shares in the company, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,215 shares of company stock valued at $2,033,766. Insiders own 0.80% of the company’s stock.

MARA Trading Up 6.0 %

Shares of MARA stock opened at $13.92 on Monday. The company has a 50-day moving average of $17.52 and a two-hundred day moving average of $18.44. The stock has a market cap of $4.72 billion, a PE ratio of 17.62 and a beta of 5.76. 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 12-month low of $12.05 and a 12-month high of $30.71.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.56. The firm had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, research analysts anticipate that MARA Holdings, Inc. will post -1.04 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.