Campbell & CO Investment Adviser LLC Takes $286,000 Position in Marathon Digital Holdings, Inc. $MARA

Campbell & CO Investment Adviser LLC bought a new stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,233 shares of the business services provider’s stock, valued at approximately $286,000.

A number of other hedge funds also recently bought and sold shares of MARA. Fifth Third Bancorp grew its stake in shares of Marathon Digital by 59.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider’s stock worth $29,000 after buying an additional 683 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Marathon Digital by 375.4% in the 2nd quarter. IFP Advisors Inc now owns 2,534 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 2,001 shares during the last quarter. NewEdge Advisors LLC grew its position in Marathon Digital by 65.3% in the first quarter. NewEdge Advisors LLC now owns 7,672 shares of the business services provider’s stock worth $88,000 after acquiring an additional 3,032 shares in the last quarter. CX Institutional grew its position in Marathon Digital by 12.6% in the second quarter. CX Institutional now owns 6,698 shares of the business services provider’s stock worth $105,000 after acquiring an additional 749 shares in the last quarter. Finally, Sigma Planning Corp bought a new stake in Marathon Digital during the first quarter worth approximately $122,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Insider Transactions at Marathon Digital

In other news, Director Vicki Mealer-Burke sold 14,887 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $15.22, for a total transaction of $226,580.14. Following the transaction, the director owned 58,103 shares in the company, valued at approximately $884,327.66. This trade represents a 20.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Salman Hassan Khan sold 34,732 shares of Marathon Digital stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $16.24, for a total value of $564,047.68. Following the completion of the sale, the chief financial officer owned 318,428 shares of the company’s stock, valued at $5,171,270.72. The trade was a 9.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 172,361 shares of company stock worth $3,130,259 in the last ninety days. 0.80% of the stock is owned by company insiders.

Marathon Digital Trading Down 4.0%

NASDAQ MARA opened at $11.51 on Tuesday. Marathon Digital Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The company’s 50-day moving average price is $17.84 and its 200-day moving average price is $16.67. The stock has a market cap of $4.35 billion, a PE ratio of 10.37 and a beta of 6.40. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.47.

Marathon Digital (NASDAQ:MARA) last released its quarterly earnings data on Tuesday, November 4th. The business services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.06). The company had revenue of $252.41 million during the quarter, compared to analysts’ expectations of $254.58 million. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. Equities research analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Macquarie raised their price objective on Marathon Digital from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. BTIG Research restated a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a report on Friday, September 5th. Rosenblatt Securities dropped their price objective on shares of Marathon Digital from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Guggenheim started coverage on shares of Marathon Digital in a research report on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, Compass Point assumed coverage on shares of Marathon Digital in a report on Monday, September 15th. They issued a “neutral” rating and a $18.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Marathon Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Marathon Digital 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.