Marathon Digital Holdings, Inc. (NASDAQ:MARA) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund increased its position in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 26.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,887 shares of the business services provider’s stock after purchasing an additional 18,890 shares during the quarter. New York State Common Retirement Fund’s holdings in Marathon Digital were worth $2,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MARA. Vanguard Group Inc. grew its stake in shares of Marathon Digital by 5.7% during the third quarter. Vanguard Group Inc. now owns 18,523,195 shares of the business services provider’s stock valued at $157,447,000 after acquiring an additional 1,000,225 shares in the last quarter. Barclays PLC grew its holdings in Marathon Digital by 159.2% during the 3rd quarter. Barclays PLC now owns 120,173 shares of the business services provider’s stock worth $1,021,000 after acquiring an additional 323,134 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Marathon Digital by 29.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,295,391 shares of the business services provider’s stock worth $30,429,000 after purchasing an additional 296,776 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Marathon Digital in the 3rd quarter valued at about $1,577,000. Finally, SG Americas Securities LLC grew its stake in Marathon Digital by 203.9% in the fourth quarter. SG Americas Securities LLC now owns 266,176 shares of the business services provider’s stock worth $6,252,000 after purchasing an additional 178,578 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MARA shares. StockNews.com raised Marathon Digital from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Chardan Capital lowered their target price on shares of Marathon Digital from $30.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Marathon Digital from $16.00 to $16.50 and gave the company an “underweight” rating in a report on Wednesday, April 10th. BTIG Research raised shares of Marathon Digital from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, January 17th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $35.00 target price on shares of Marathon Digital in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Marathon Digital presently has an average rating of “Hold” and an average price target of $19.83.

Marathon Digital Stock Down 0.6 %

MARA opened at $20.09 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 30.50 and a quick ratio of 30.51. Marathon Digital Holdings, Inc. has a 12 month low of $7.16 and a 12 month high of $34.09. The stock’s 50 day moving average price is $19.60 and its 200 day moving average price is $18.46. The stock has a market cap of $5.48 billion, a P/E ratio of 23.92 and a beta of 5.38.

Marathon Digital (NASDAQ:MARA) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). The company had revenue of $156.77 million for the quarter, compared to the consensus estimate of $138.15 million. Marathon Digital had a net margin of 48.93% and a negative return on equity of 4.61%. As a group, research analysts predict that Marathon Digital Holdings, Inc. will post -0.04 earnings per share for the current year.

Marathon Digital Profile

Marathon Digital 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 Patent Group, Inc and changed its name to Marathon Digital Holdings, Inc in February 2021. Marathon Digital Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.