Geode Capital Management LLC Grows Stock Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Geode Capital Management LLC grew its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,157,491 shares of the business services provider’s stock after acquiring an additional 378,542 shares during the period. Geode Capital Management LLC owned about 2.22% of MARA worth $116,115,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MARA. Assenagon Asset Management S.A. bought a new stake in shares of MARA in the 2nd quarter worth approximately $1,890,000. Nisa Investment Advisors LLC increased its position in MARA by 56.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 57,931 shares of the business services provider’s stock valued at $1,150,000 after purchasing an additional 20,861 shares during the period. Louisiana State Employees Retirement System bought a new position in MARA in the 2nd quarter worth $2,725,000. Bank of New York Mellon Corp lifted its position in shares of MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after purchasing an additional 1,327,969 shares during the period. Finally, Verdence Capital Advisors LLC bought a new stake in shares of MARA during the 2nd quarter valued at about $198,000. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction on Monday, November 25th. The stock was sold at an average price of $27.06, for a total value of $303,072.00. Following the completion of the sale, the director now owns 142,556 shares of the company’s stock, valued at $3,857,565.36. The trade was a 7.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick G. Thiel sold 27,512 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the transaction, the chief executive officer now directly owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,922 shares of company stock valued at $2,651,807. 0.97% of the stock is owned by insiders.

MARA Trading Up 0.2 %

Shares of NASDAQ MARA opened at $24.60 on Wednesday. The company has a market cap of $7.92 billion, a PE ratio of 31.28 and a beta of 5.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm’s 50 day moving average price is $20.92 and its 200-day moving average price is $19.29. MARA Holdings, Inc. has a 52-week low of $13.16 and a 52-week high of $34.09.

MARA (NASDAQ:MARA) last issued its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.04). MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. On average, equities research analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MARA has been the subject of a number of research reports. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and increased their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Barclays initiated coverage on MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. Piper Sandler initiated coverage on MARA in a research note on Tuesday. They issued an “overweight” rating and a $34.00 price target on the stock. Macquarie raised their price objective on MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.50.

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.