Los Angeles Capital Management LLC Takes Position in MARA Holdings, Inc. (NASDAQ:MARA)

Los Angeles Capital Management LLC bought a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 31,418 shares of the business services provider’s stock, valued at approximately $510,000.

Other institutional investors also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D boosted its position in MARA by 6.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 106,874 shares of the business services provider’s stock worth $1,733,000 after purchasing an additional 6,167 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of MARA by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 1,170 shares during the period. Capital Performance Advisors LLP purchased a new stake in MARA during the third quarter worth $50,000. Principal Financial Group Inc. grew its position in MARA by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after buying an additional 37,150 shares during the period. Finally, Harvest Portfolios Group Inc. increased its holdings in MARA by 17.5% in the third quarter. Harvest Portfolios Group Inc. now owns 59,037 shares of the business services provider’s stock valued at $958,000 after buying an additional 8,778 shares in the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $292,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,077,232 shares in the company, valued at approximately $36,351,560. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the transaction, the chief executive officer now directly owns 4,278,309 shares in the company, valued at $67,169,451.30. This trade represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,417 shares of company stock worth $1,524,546. 0.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald assumed coverage on MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price on the stock. HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Wednesday. Finally, Macquarie started coverage on shares of MARA in a research report on Tuesday, September 24th. They set an “outperform” rating and a $22.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.57.

MARA Price Performance

Shares of NASDAQ MARA opened at $21.07 on Friday. The firm has a 50-day simple moving average of $17.38 and a 200-day simple moving average of $18.60. The company has a quick ratio of 3.75, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 26.67 and a beta of 5.52. MARA Holdings, Inc. has a 52 week low of $9.21 and a 52 week high of $34.09.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm’s revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) EPS. On average, equities analysts predict that MARA Holdings, Inc. will post -1.05 earnings per share 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.