Mutual of America Capital Management LLC Raises Position in MARA Holdings, Inc. (NASDAQ:MARA)

Mutual of America Capital Management LLC grew its position in MARA Holdings, Inc. (NASDAQ:MARA) by 2.1% during the 4th quarter, Holdings Channel reports. The fund owned 208,293 shares of the business services provider’s stock after buying an additional 4,318 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MARA were worth $3,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after acquiring an additional 217,106 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of MARA in the third quarter valued at about $1,557,000. Intech Investment Management LLC purchased a new stake in MARA during the third quarter worth about $1,107,000. Public Sector Pension Investment Board boosted its holdings in MARA by 4.0% during the third quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock worth $10,135,000 after buying an additional 24,300 shares in the last quarter. Finally, Capital Advisors Inc. OK purchased a new stake in MARA during the fourth quarter worth about $699,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MARA. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and upped their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Barclays dropped their price objective on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.78.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction 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 $65,232,861.24. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now directly owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,915 shares of company stock valued at $2,289,443. 0.80% of the stock is owned by corporate insiders.

MARA Stock Up 8.2 %

MARA opened at $15.12 on Thursday. MARA Holdings, Inc. has a 12 month low of $12.05 and a 12 month high of $30.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock has a market cap of $5.13 billion, a P/E ratio of 19.14 and a beta of 5.76. The stock’s 50 day moving average price is $17.28 and its 200 day moving average price is $18.43.

MARA (NASDAQ:MARA) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. As a group, research analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

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.