O Shaughnessy Asset Management LLC Takes $293,000 Position in MARA Holdings, Inc. (NASDAQ:MARA)

O Shaughnessy Asset Management LLC bought a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 17,458 shares of the business services provider’s stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Beacon Capital Management LLC purchased a new position in MARA during the fourth quarter valued at $26,000. Stonehage Fleming Financial Services Holdings Ltd raised its position in shares of 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 worth $33,000 after purchasing an additional 860 shares during the last quarter. Spire Wealth Management lifted its stake 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 buying an additional 599 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in MARA in the 4th quarter worth about $50,000. Finally, Blue Trust Inc. increased its stake in MARA by 415.6% during the 4th quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider’s stock worth $56,000 after buying an additional 2,693 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

MARA Stock Up 6.6 %

Shares of NASDAQ MARA opened at $12.51 on Friday. MARA Holdings, Inc. has a 1 year low of $9.81 and a 1 year high of $30.28. The company has a market capitalization of $4.33 billion, a P/E ratio of 15.84 and a beta of 6.10. The company has a 50 day simple moving average of $13.77 and a 200-day simple moving average of $17.69. 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 posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The company had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, equities research analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analysts Set New Price Targets

MARA has been the topic of several research reports. Piper Sandler decreased their target price on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their target price on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Barclays decreased their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Finally, B. Riley boosted their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, MARA currently has a consensus rating of “Hold” and an average target price of $22.80.

Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, March 3rd. The stock was 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 directly owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares in the company, valued at approximately $73,851,535.85. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock valued at $1,226,825 over the last 90 days. 0.80% of the stock is owned by insiders.

MARA Company 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.