Handelsbanken Fonder AB Raises Stock Holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Handelsbanken Fonder AB grew its position in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 38.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,200 shares of the business services provider’s stock after purchasing an additional 7,900 shares during the period. Handelsbanken Fonder AB’s holdings in Marathon Digital were worth $662,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in Marathon Digital by 752.3% in the 4th quarter. Versant Capital Management Inc now owns 1,662 shares of the business services provider’s stock worth $39,000 after buying an additional 1,467 shares during the period. IFP Advisors Inc boosted its holdings in shares of Marathon Digital by 48.2% in the 3rd quarter. IFP Advisors Inc now owns 9,272 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 3,017 shares during the last quarter. Xponance Inc. purchased a new position in shares of Marathon Digital during the third quarter worth $86,000. CWM LLC lifted its position in Marathon Digital by 62.5% during the fourth quarter. CWM LLC now owns 4,560 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 1,754 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its holdings in Marathon Digital by 52.9% in the third quarter. FinTrust Capital Advisors LLC now owns 13,000 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 4,500 shares during the last quarter. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MARA has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Marathon Digital from $16.00 to $16.50 and gave the company an “underweight” rating in a research note on Wednesday, April 10th. HC Wainwright restated a “buy” rating and issued a $35.00 price objective on shares of Marathon Digital in a research report on Tuesday, March 19th. Chardan Capital lifted their target price on shares of Marathon Digital from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, March 4th. BTIG Research raised shares of Marathon Digital from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, January 17th. Finally, StockNews.com raised shares of Marathon Digital from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marathon Digital presently has an average rating of “Hold” and an average price target of $21.11.

Marathon Digital Trading Down 7.2 %

Shares of MARA stock opened at $18.03 on Tuesday. Marathon Digital Holdings, Inc. has a fifty-two week low of $7.16 and a fifty-two week high of $34.09. The firm has a market capitalization of $4.83 billion, a P/E ratio of 21.46 and a beta of 5.37. The stock’s fifty day moving average is $20.78 and its two-hundred day moving average is $18.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 30.51 and a current ratio of 30.50.

Marathon Digital (NASDAQ:MARA) last posted its quarterly earnings results on Wednesday, February 28th. The business services provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). Marathon Digital had a negative return on equity of 4.61% and a net margin of 48.93%. The business had revenue of $156.77 million for the quarter, compared to analyst estimates of $138.15 million. Research analysts expect that Marathon Digital Holdings, Inc. will post -0.04 earnings per share for the current fiscal year.

About Marathon Digital

Marathon Digital 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 Patent Group, Inc and changed its name to Marathon Digital Holdings, Inc in February 2021. Marathon Digital Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.