Stevens Capital Management LP Makes New Investment in MARA Holdings, Inc. (NASDAQ:MARA)

Stevens Capital Management LP bought a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,551 shares of the business services provider’s stock, valued at approximately $227,000.

A number of other hedge funds have also made changes to their positions in MARA. Charles Schwab Investment Management Inc. boosted its stake in MARA by 8.9% during the 3rd 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 during the last quarter. Weiss Asset Management LP acquired a new stake in shares of MARA in the 3rd quarter valued at about $1,557,000. Intech Investment Management LLC bought a new position in shares of MARA during the third quarter worth about $1,107,000. Public Sector Pension Investment Board grew its stake in MARA by 4.0% in 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 purchasing an additional 24,300 shares in the last quarter. Finally, Capital Advisors Inc. OK bought a new stake in MARA in the fourth quarter valued at about $699,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Transactions at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 72,710 shares of company stock valued at $1,226,825. Company insiders own 0.80% of the company’s stock.

MARA Stock Up 18.0 %

MARA opened at $14.61 on Tuesday. The stock’s 50 day moving average price is $15.91 and its 200 day moving average price is $18.11. 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 $5.05 billion, a P/E ratio of 18.49 and a beta of 5.95. MARA Holdings, Inc. has a 12 month low of $12.03 and a 12 month high of $30.28.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on MARA. B. Riley lifted their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a report on Thursday, February 27th. Barclays dropped their target price on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. decreased their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.80.

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.