Louisiana State Employees Retirement System Has $2.61 Million Position in MARA Holdings, Inc. (NASDAQ:MARA)

Louisiana State Employees Retirement System lifted its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 9.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 155,600 shares of the business services provider’s stock after acquiring an additional 13,200 shares during the period. Louisiana State Employees Retirement System’s holdings in MARA were worth $2,609,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in shares of MARA during the 3rd quarter valued at $26,000. Larson Financial Group LLC lifted its position in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its position 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 acquiring an additional 860 shares during the period. Signaturefd LLC lifted its position in shares of MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the period. Finally, Spire Wealth Management increased its stake in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 599 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the sale, the chief executive officer now directly owns 4,155,595 shares of the company’s stock, valued at approximately $82,280,781. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the sale, the chief financial officer now directly owns 2,029,647 shares in the company, valued at approximately $40,187,010.60. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,915 shares of company stock valued at $2,956,634 over the last three months. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on MARA shares. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Piper Sandler started coverage on shares of MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target for the company. HC Wainwright restated a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Finally, Barclays initiated coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.67.

MARA Price Performance

MARA opened at $16.91 on Friday. The firm has a market cap of $5.74 billion, a P/E ratio of 21.41 and a beta of 5.76. MARA Holdings, Inc. has a fifty-two week low of $13.16 and a fifty-two week high of $34.09. 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 has a 50-day moving average of $19.49 and a 200 day moving average of $18.65.

MARA (NASDAQ:MARA) last released its quarterly earnings data 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). The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. On average, research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

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.