Headlands Technologies LLC Boosts Stock Holdings in MARA Holdings $MARA

Headlands Technologies LLC boosted its position in MARA Holdings (NASDAQ:MARA) by 51.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 444,756 shares of the business services provider’s stock after purchasing an additional 150,665 shares during the period. MARA comprises approximately 0.7% of Headlands Technologies LLC’s holdings, making the stock its 28th largest position. Headlands Technologies LLC owned about 0.12% of MARA worth $6,178,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MARA. Integrated Wealth Concepts LLC raised its stake in shares of MARA by 9.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock worth $127,000 after buying an additional 991 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of MARA by 65.3% in the first quarter. NewEdge Advisors LLC now owns 7,672 shares of the business services provider’s stock valued at $88,000 after buying an additional 3,032 shares in the last quarter. United Services Automobile Association grew its holdings in MARA by 8.2% during the first quarter. United Services Automobile Association now owns 20,634 shares of the business services provider’s stock worth $257,000 after acquiring an additional 1,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in MARA by 11.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,311 shares of the business services provider’s stock worth $7,398,000 after acquiring an additional 63,903 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new position in MARA in the second quarter worth $183,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Wall Street Analyst Weigh In

MARA has been the subject of a number of recent analyst reports. BTIG Research reissued a “buy” rating and issued a $27.00 target price on shares of MARA in a report on Monday, June 1st. Piper Sandler lowered their price target on shares of MARA from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of MARA in a report on Friday, August 7th. Cantor Fitzgerald reduced their price objective on shares of MARA from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Finally, Weiss Ratings raised shares of MARA from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, August 21st. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, MARA has a consensus rating of “Moderate Buy” and an average price target of $18.78.

Insider Transactions at MARA

In other news, Director Douglas K. Mellinger sold 7,000 shares of MARA stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $16.00, for a total transaction of $112,000.00. Following the completion of the transaction, the director owned 231,618 shares of the company’s stock, valued at $3,705,888. The trade was a 2.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $14.25, for a total transaction of $391,946.25. Following the completion of the sale, the chief executive officer owned 4,562,009 shares in the company, valued at $65,008,628.25. This represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 109,386 shares of company stock worth $1,332,889. Corporate insiders own 0.97% of the company’s stock.

MARA Stock Performance

NASDAQ MARA opened at $10.67 on Monday. MARA Holdings has a 1-year low of $6.66 and a 1-year high of $23.45. The company has a market capitalization of $4.12 billion, a P/E ratio of -1.16 and a beta of 5.40. The business has a 50 day moving average price of $11.75 and a 200 day moving average price of $11.12. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.89 and a quick ratio of 0.89.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported ($1.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($1.77). The firm had revenue of $174.88 million for the quarter, compared to analyst estimates of $209.44 million. MARA had a negative return on equity of 26.05% and a negative net margin of 429.71%.The business’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 earnings per share. Sell-side analysts expect that MARA Holdings will post -1.24 EPS for the current fiscal year.

MARA Company Profile

MARA Holdings, Inc is an energy and digital infrastructure company whose core business is Bitcoin mining. Headquartered in Hallandale Beach, Florida, the company operates large-scale computing infrastructure designed to convert energy into high-value compute workloads.