MARA Holdings, Inc. (NASDAQ:MARA) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,400 shares of the business services provider’s stock after selling 1,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in MARA were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in MARA by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock worth $650,390,000 after buying an additional 2,706,271 shares during the period. Geode Capital Management LLC boosted its position in shares of MARA by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock worth $128,755,000 after purchasing an additional 518,503 shares during the period. American Century Companies Inc. increased its holdings in MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock valued at $67,749,000 after purchasing an additional 1,240,354 shares during the last quarter. Northern Trust Corp raised its position in MARA by 18.1% in the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock valued at $55,233,000 after purchasing an additional 504,142 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 worth $50,787,000 after purchasing an additional 372,094 shares in the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Douglas K. Mellinger sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $16.00, for a total transaction of $48,000.00. Following the sale, the director now owns 176,859 shares of the company’s stock, valued at approximately $2,829,744. This trade represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 34,733 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $15.85, for a total value of $550,518.05. Following the completion of the transaction, the chief financial officer now directly owns 1,413,298 shares of the company’s stock, valued at $22,400,773.30. This trade represents a 2.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,348 shares of company stock valued at $2,633,802 in the last ninety days. Insiders own 0.80% of the company’s stock.

MARA Stock Down 4.9%

Shares of NASDAQ:MARA opened at $15.04 on Monday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 19.04 and a beta of 6.61. The firm’s 50 day moving average price is $14.42 and its 200 day moving average price is $16.28.

MARA (NASDAQ:MARA) last announced its quarterly earnings data 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 during 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 earnings per share. As a group, equities research analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MARA. Barclays lifted their price objective on MARA from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Thursday, February 27th. Rosenblatt Securities boosted their price target on shares of MARA from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Compass Point reissued a “sell” rating and set a $9.50 price target (down previously from $25.00) on shares of MARA in a research report on Tuesday, May 6th. Finally, HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.94.

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.