Nisa Investment Advisors LLC Cuts Holdings in Marathon Digital Holdings, Inc. $MARA

Nisa Investment Advisors LLC lessened its position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 66.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,545 shares of the business services provider’s stock after selling 58,686 shares during the period. Nisa Investment Advisors LLC’s holdings in Marathon Digital were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hollencrest Capital Management lifted its stake in shares of Marathon Digital by 2,407.4% in the 3rd quarter. Hollencrest Capital Management now owns 1,354 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 1,300 shares in the last quarter. Bessemer Group Inc. increased its position in Marathon Digital by 56.8% during the 3rd quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider’s stock worth $33,000 after purchasing an additional 659 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Marathon Digital during the 3rd quarter worth approximately $47,000. Danske Bank A S purchased a new position in Marathon Digital in the third quarter valued at approximately $55,000. Finally, Smartleaf Asset Management LLC raised its holdings in Marathon Digital by 303.6% in the second quarter. Smartleaf Asset Management LLC now owns 5,013 shares of the business services provider’s stock valued at $75,000 after buying an additional 3,771 shares during the period. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Marathon Digital

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: Sold ~15,133 BTC for about $1.10B and used roughly $1.00B of proceeds to repurchase zero‑interest convertible senior notes (2030/2031) at ~9% discount, cutting outstanding convertible debt by ~30%, lowering future dilution and improving financial flexibility. Will MARA’s Bitcoin-Funded Debt Buyback Shift Its Story Beyond Pure Crypto Mining?
• Positive Sentiment: Company formally pivoting toward AI/HPC and digital‑energy infrastructure — messaging and the $1.1B BTC sale framed as funding for that transition have driven a short‑term rally and heavy call‑option buying, signaling bullish investor interest in the new direction. MARA Moves Beyond Bitcoin With $1.1 Billion Sale
• Positive Sentiment: Analyst coverage remains constructive (about 60% “Buy” ratings and meaningful upside cited), supporting momentum if the strategic pivot convinces the market. Analysts Bullish on MARA Holdings (MARA) Amid Debt-Reduction Efforts
• Neutral Sentiment: Sale materially reduced MARA’s bitcoin treasury (allowing rival Metaplanet to surpass MARA as a top corporate BTC holder) — this lowers crypto‑beta and upside from BTC appreciation but also reduces balance‑sheet volatility. MARA’s $1.1 Billion Bitcoin Sell-Off Hands Metaplanet the Number 3 Spot
• Negative Sentiment: Announced workforce reduction of ~15% as it shifts away from mining — cost reduction helps near‑term cash flow but raises execution risk for the new AI/HPC strategy and may slow mining operations. Popular miner lays off 15% of staff days after selling $1.1 billion in Bitcoin
• Negative Sentiment: Recent quarterly results showed a large loss and an EPS miss (wide negative margins and revenue below estimates), underscoring that the company currently generates unstable mining revenues while executing a capital‑intensive pivot. Trouble at MARA? 15% Mining Giant Forced To Cut Staff, Dump BTC amid $1.3B Loss

Analyst Ratings Changes

MARA has been the subject of several research reports. Piper Sandler decreased their price objective on shares of Marathon Digital from $26.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Cantor Fitzgerald cut their target price on shares of Marathon Digital from $21.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Morgan Stanley started coverage on shares of Marathon Digital in a report on Monday, February 9th. They set an “underweight” rating and a $8.00 target price on the stock. HC Wainwright reaffirmed a “neutral” rating on shares of Marathon Digital in a research report on Friday, February 27th. Finally, Weiss Ratings cut shares of Marathon Digital from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.00.

Insider Buying and Selling

In related news, CFO Salman Hassan Khan sold 16,000 shares of Marathon Digital stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $9.18, for a total value of $146,880.00. Following the completion of the sale, the chief financial officer owned 343,165 shares in the company, valued at approximately $3,150,254.70. The trade was a 4.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $9.18, for a total transaction of $252,495.90. Following the completion of the sale, the chief executive officer directly owned 4,788,954 shares in the company, valued at $43,962,597.72. This represents a 0.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 114,515 shares of company stock worth $1,029,678. 0.80% of the stock is currently owned by corporate insiders.

Marathon Digital Price Performance

Shares of NASDAQ MARA opened at $8.71 on Monday. Marathon Digital Holdings, Inc. has a 1 year low of $6.66 and a 1 year high of $23.45. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of -2.20 and a beta of 5.29. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.27 and a current ratio of 1.27. The stock’s 50-day simple moving average is $8.55 and its 200-day simple moving average is $12.19.

Marathon Digital (NASDAQ:MARA) last released its quarterly earnings results on Thursday, February 26th. The business services provider reported ($4.52) EPS for the quarter, missing the consensus estimate of ($0.23) by ($4.29). Marathon Digital had a negative return on equity of 19.01% and a negative net margin of 144.58%.The business had revenue of $202.31 million during the quarter, compared to analyst estimates of $250.74 million. During the same quarter last year, the firm posted $1.24 EPS. The company’s revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts anticipate that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.