American Century Companies Inc. Increases Position in MARA Holdings, Inc. (NASDAQ:MARA)

American Century Companies Inc. lifted its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 44.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,039,871 shares of the business services provider’s stock after acquiring an additional 1,240,354 shares during the quarter. American Century Companies Inc.’s holdings in MARA were worth $67,749,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MARA. HUB Investment Partners LLC increased its position in shares of MARA by 108.1% during the 4th quarter. HUB Investment Partners LLC now owns 24,526 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 12,743 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in MARA by 9.2% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 68,706 shares of the business services provider’s stock valued at $1,152,000 after buying an additional 5,763 shares during the period. Maryland State Retirement & Pension System increased its holdings in MARA by 9.0% during the fourth quarter. Maryland State Retirement & Pension System now owns 108,380 shares of the business services provider’s stock worth $1,818,000 after buying an additional 8,939 shares during the last quarter. Xponance Inc. raised its position in MARA by 15.2% in the fourth quarter. Xponance Inc. now owns 20,597 shares of the business services provider’s stock worth $345,000 after acquiring an additional 2,723 shares during the period. Finally, Generali Asset Management SPA SGR purchased a new position in MARA in the fourth quarter valued at about $2,516,000. 44.53% of the stock is currently owned by institutional investors.

Insider Activity at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,710 shares of company stock valued at $1,226,825. Company insiders own 0.80% of the company’s stock.

MARA Trading Down 2.5 %

Shares of MARA stock opened at $14.25 on Wednesday. The company’s 50-day moving average price is $15.85 and its 200-day moving average price is $18.12. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 18.04 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. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its quarterly 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. The firm had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. On average, equities analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MARA has been the subject of several research analyst reports. B. Riley raised their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Rosenblatt Securities began coverage on MARA in a research note on Friday, March 7th. They issued a “buy” rating and a $19.00 target price on the stock. Piper Sandler decreased their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. HC Wainwright restated a “buy” rating and issued a $28.00 price objective on shares of MARA in a research note on Thursday, February 27th. Finally, Barclays cut their target price 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, March 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued 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 $22.80.

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.