Central Asset Investments & Management Holdings HK Ltd Takes Position in MARA Holdings, Inc. (NASDAQ:MARA)

Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,000 shares of the business services provider’s stock, valued at approximately $235,000.

Several other large investors have also added to or reduced their stakes in MARA. Beacon Capital Management LLC purchased a new stake in MARA in the fourth quarter valued at approximately $26,000. Truvestments Capital LLC acquired a new position in MARA during the third quarter valued at $26,000. Larson Financial Group LLC grew its position in MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of MARA by 79.3% during the 4th 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 during the last quarter. Finally, Spire Wealth Management boosted its stake in shares of MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after buying an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Insider Activity

In other MARA news, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now owns 135,756 shares in the company, valued at approximately $4,059,104.40. The trade was a 4.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the sale, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 108,015 shares of company stock valued at $2,237,086. Insiders own 0.80% of the company’s stock.

MARA Stock Up 0.3 %

Shares of NASDAQ MARA opened at $12.45 on Thursday. The business’s fifty day simple moving average is $17.78 and its 200-day simple moving average is $18.46. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a 12-month low of $12.05 and a 12-month high of $34.09. The stock has a market cap of $4.23 billion, a P/E ratio of 15.76 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. As a group, equities analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MARA shares. Macquarie boosted their target price on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Piper Sandler began coverage on MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective for the company. Barclays started coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, B. Riley boosted their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.67.

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.