Marex Group plc Buys Shares of 5,376,354 Marathon Digital Holdings, Inc. $MARA

Marex Group plc purchased a new position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,376,354 shares of the business services provider’s stock, valued at approximately $84,301,000. Marathon Digital accounts for about 0.7% of Marex Group plc’s investment portfolio, making the stock its 4th biggest position. Marex Group plc owned about 1.45% of Marathon Digital as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MARA. Fifth Third Bancorp grew its stake in Marathon Digital by 59.9% during the 2nd quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider’s stock worth $29,000 after buying an additional 683 shares during the last quarter. CX Institutional grew its position in shares of Marathon Digital by 12.6% during the second quarter. CX Institutional now owns 6,698 shares of the business services provider’s stock worth $105,000 after acquiring an additional 749 shares during the last quarter. Archer Investment Corp grew its position in shares of Marathon Digital by 10.9% during the second quarter. Archer Investment Corp now owns 7,650 shares of the business services provider’s stock worth $120,000 after acquiring an additional 750 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Marathon Digital by 2.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 35,443 shares of the business services provider’s stock worth $556,000 after acquiring an additional 934 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in Marathon Digital by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 991 shares during the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Transactions at Marathon Digital

In related news, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $19.57, for a total value of $538,272.85. Following the transaction, the chief executive officer owned 3,718,700 shares of the company’s stock, valued at approximately $72,774,959. This trade represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Zabi Nowaid sold 25,113 shares of Marathon Digital stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $15.87, for a total transaction of $398,543.31. Following the completion of the transaction, the general counsel directly owned 723,136 shares in the company, valued at approximately $11,476,168.32. This trade represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 218,711 shares of company stock valued at $3,633,801 in the last quarter. Insiders own 0.80% of the company’s stock.

Marathon Digital Price Performance

NASDAQ MARA opened at $11.52 on Friday. Marathon Digital Holdings, Inc. has a 12 month low of $9.71 and a 12 month high of $25.58. The firm has a market capitalization of $4.36 billion, a PE ratio of 6.40 and a beta of 5.42. The company’s 50 day simple moving average is $15.61 and its 200 day simple moving average is $16.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.09 and a quick ratio of 2.09.

Marathon Digital (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.06). Marathon Digital had a net margin of 100.82% and a negative return on equity of 2.59%. The firm had revenue of $252.41 million for the quarter, compared to the consensus estimate of $254.58 million. As a group, equities research analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on MARA. Rosenblatt Securities decreased their target price on shares of Marathon Digital from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Cantor Fitzgerald reduced their price objective on Marathon Digital from $30.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Compass Point raised Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marathon Digital in a research note on Monday, December 8th. Finally, JPMorgan Chase & Co. reduced their price target on Marathon Digital from $20.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Marathon Digital 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.