Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.15 Million Stake in MARA Holdings, Inc. (NASDAQ:MARA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 9.2% during the 4th quarter, HoldingsChannel reports. The firm owned 68,706 shares of the business services provider’s stock after acquiring an additional 5,763 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in MARA were worth $1,152,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in MARA in the 3rd quarter valued at approximately $26,000. Beacon Capital Management LLC acquired a new stake in shares of MARA in the fourth quarter worth $26,000. Larson Financial Group LLC increased its position in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd raised its stake 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 valued at $33,000 after purchasing an additional 860 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings 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 during the period. 44.53% of the stock is currently owned by institutional investors.

MARA Stock Performance

MARA stock opened at $13.79 on Thursday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 17.46 and a beta of 5.95. The stock has a fifty day moving average price of $15.76 and a two-hundred day moving average price of $18.09. MARA Holdings, Inc. has a 52-week low of $12.03 and a 52-week high of $30.28. 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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to analysts’ expectations of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. As a group, analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Analyst Ratings Changes

MARA has been the topic of several research reports. Piper Sandler dropped their price objective on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Barclays lowered their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. B. Riley raised their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Rosenblatt Securities began coverage on MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, MARA presently has a consensus rating of “Hold” and a consensus target price of $22.80.

Insider Activity

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction 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 approximately $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,710 shares of company stock worth $1,226,825. Insiders own 0.80% of the company’s stock.

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.