Marathon Digital Holdings, Inc. $MARA Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 70.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 75,567 shares of the business services provider’s stock after selling 183,603 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Marathon Digital were worth $679,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Marathon Digital by 9.8% during the third quarter. Vanguard Group Inc. now owns 45,311,718 shares of the business services provider’s stock worth $827,392,000 after buying an additional 4,049,979 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in Marathon Digital during the third quarter worth $5,438,000. WINTON GROUP Ltd acquired a new position in Marathon Digital during the third quarter worth $4,643,000. Farallon Capital Management LLC raised its holdings in Marathon Digital by 338.3% during the third quarter. Farallon Capital Management LLC now owns 3,660,000 shares of the business services provider’s stock worth $66,832,000 after buying an additional 2,825,000 shares during the last quarter. Finally, Stevens Capital Management LP raised its holdings in Marathon Digital by 446.6% during the third quarter. Stevens Capital Management LP now owns 319,549 shares of the business services provider’s stock worth $5,835,000 after buying an additional 261,085 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $9.18, for a total value of $252,495.90. Following the completion of the transaction, the chief executive officer directly owned 4,788,954 shares in the company, valued at approximately $43,962,597.72. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $11.68, for a total transaction of $186,880.00. Following the completion of the transaction, the chief financial officer owned 441,066 shares of the company’s stock, valued at $5,151,650.88. This trade represents a 3.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 172,605 shares of company stock worth $1,745,843. 0.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on MARA shares. Rosenblatt Securities increased their target price on shares of Marathon Digital from $11.00 to $15.00 and gave the company a “buy” rating in a report on Friday. Piper Sandler lowered their target price on shares of Marathon Digital from $26.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. HC Wainwright reiterated a “neutral” rating on shares of Marathon Digital in a report on Friday, February 27th. Cantor Fitzgerald lowered their target price on shares of Marathon Digital from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Weiss Ratings downgraded shares of Marathon Digital from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, March 6th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Marathon Digital presently has a consensus rating of “Hold” and a consensus price target of $18.22.

Marathon Digital Price Performance

Shares of NASDAQ:MARA opened at $11.83 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $4.50 billion, a PE ratio of -2.99 and a beta of 5.42. Marathon Digital Holdings, Inc. has a twelve month low of $6.66 and a twelve month high of $23.45. The company has a 50-day moving average price of $9.41 and a two-hundred day moving average price of $11.10.

Marathon Digital (NASDAQ:MARA) last issued its earnings results on Thursday, February 26th. The business services provider reported ($4.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($4.29). The business had revenue of $202.31 million for the quarter, compared to the consensus estimate of $250.74 million. Marathon Digital had a negative return on equity of 19.01% and a negative net margin of 144.58%.Marathon Digital’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS. Equities analysts forecast that Marathon Digital Holdings, Inc. will post -0.79 EPS for the current year.

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.