Janus Henderson Group PLC Increases Stake in MARA Holdings, Inc. (NASDAQ:MARA)

Janus Henderson Group PLC boosted its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,609 shares of the business services provider’s stock after buying an additional 9,400 shares during the period. Janus Henderson Group PLC’s holdings in MARA were worth $2,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MARA. Spire Wealth Management raised its position in shares of 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 purchasing an additional 599 shares during the last quarter. United Services Automobile Association grew its position in shares of MARA by 3.4% during the 4th quarter. United Services Automobile Association now owns 19,065 shares of the business services provider’s stock valued at $320,000 after acquiring an additional 635 shares during the period. Stonehage Fleming Financial Services Holdings Ltd increased its position in shares of MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares in the last quarter. CoreCap Advisors LLC increased its holdings in MARA by 7.3% in the 4th quarter. CoreCap Advisors LLC now owns 14,541 shares of the business services provider’s stock worth $244,000 after acquiring an additional 992 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in MARA by 28.9% during the fourth quarter. NewEdge Advisors LLC now owns 4,640 shares of the business services provider’s stock worth $78,000 after acquiring an additional 1,040 shares during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $15.68, for a total value of $261,856.00. Following the sale, the chief financial officer now directly owns 1,598,943 shares in the company, valued at approximately $25,071,426.24. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick G. Thiel sold 55,010 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $15.00, for a total transaction of $825,150.00. Following the sale, the chief executive officer now directly owns 4,146,804 shares of the company’s stock, valued at approximately $62,202,060. This represents a 1.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 152,315 shares of company stock valued at $2,322,961 over the last quarter. Insiders own 0.80% of the company’s stock.

MARA Stock Down 0.8%

Shares of NASDAQ:MARA opened at $16.19 on Wednesday. The stock has a market capitalization of $5.70 billion, a P/E ratio of 20.49 and a beta of 6.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA Holdings, Inc. has a 1 year low of $9.81 and a 1 year high of $30.28. The stock has a 50-day simple moving average of $13.36 and a 200-day simple moving average of $17.16.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). The firm had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. Equities analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Compass Point reiterated a “sell” rating and issued a $9.50 target price (down from $25.00) on shares of MARA in a research report on Tuesday, May 6th. Rosenblatt Securities initiated coverage on MARA in a research note on Friday, March 7th. They issued a “buy” rating and a $19.00 price target on the stock. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.72.

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.