Brown Brothers Harriman & Co. Acquires New Position in MARA Holdings, Inc. (NASDAQ:MARA)

Brown Brothers Harriman & Co. bought a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the business services provider’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Beacon Capital Management LLC acquired a new stake in shares of MARA in the fourth quarter valued at $26,000. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after purchasing an additional 860 shares during the period. Spire Wealth Management raised its position in MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 599 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of MARA by 415.6% in the 4th quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider’s stock valued at $56,000 after buying an additional 2,693 shares during the period. Finally, US Bancorp DE increased its stake in shares of MARA by 73.3% during the fourth quarter. US Bancorp DE now owns 3,559 shares of the business services provider’s stock worth $60,000 after buying an additional 1,505 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

MARA Stock Up 4.9 %

MARA stock opened at $12.42 on Thursday. MARA Holdings, Inc. has a one year low of $11.05 and a one year high of $30.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The company has a fifty day moving average of $15.05 and a 200-day moving average of $17.97. The stock has a market capitalization of $4.30 billion, a PE ratio of 15.72 and a beta of 6.09.

MARA (NASDAQ:MARA) last released its earnings results 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 company had revenue of $214.39 million for 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%. As a group, analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. The trade was a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were 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 directly 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. Over the last quarter, insiders sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, February 27th. Rosenblatt Securities assumed coverage on MARA in a research note on Friday, March 7th. They issued a “buy” rating and a $19.00 price target on the stock. Barclays decreased their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Piper Sandler cut their target price on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.80.

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.