Bank of Montreal Can Sells 22,728 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Bank of Montreal Can trimmed its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 31.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,040 shares of the business services provider’s stock after selling 22,728 shares during the quarter. Bank of Montreal Can’s holdings in MARA were worth $822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Advisors Inc. OK purchased a new position in MARA in the fourth quarter worth about $699,000. Arkadios Wealth Advisors bought a new position in shares of MARA in the 4th quarter worth approximately $231,000. Foundations Investment Advisors LLC boosted its holdings in shares of MARA by 61.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider’s stock worth $1,877,000 after buying an additional 42,494 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in MARA by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock valued at $50,787,000 after buying an additional 372,094 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in MARA by 17.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 899,004 shares of the business services provider’s stock valued at $15,076,000 after buying an additional 135,133 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

MARA Price Performance

Shares of NASDAQ MARA opened at $12.66 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm’s 50 day simple moving average is $13.36 and its 200-day simple moving average is $17.56. MARA Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 16.03 and a beta of 6.10.

MARA (NASDAQ:MARA) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. Analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MARA shares. Piper Sandler cut their price objective on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut their price target on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. Rosenblatt Securities assumed coverage on MARA in a report on Friday, March 7th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.80.

Insider Buying and Selling at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

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.