Entropy Technologies LP Acquires New Shares in Marex Group plc Ordinary Shares $MRX

Entropy Technologies LP acquired a new stake in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) during the 1st quarter, Holdings Channel.com reports. The fund acquired 8,497 shares of the company’s stock, valued at approximately $379,000.

Several other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp increased its holdings in Marex Group plc Ordinary Shares by 89.5% in the 1st quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock worth $54,000 after buying an additional 571 shares in the last quarter. Abel Hall LLC bought a new position in Marex Group plc Ordinary Shares during the 1st quarter valued at about $214,000. Pale Fire Capital SE bought a new position in Marex Group plc Ordinary Shares during the 1st quarter valued at about $239,000. Keybank National Association OH boosted its holdings in shares of Marex Group plc Ordinary Shares by 12.7% during the 1st quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock valued at $395,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Marex Group plc Ordinary Shares in the first quarter worth approximately $445,000.

Insider Buying and Selling at Marex Group plc Ordinary Shares

In other news, insider Thomas Texier sold 1,572 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $53.35, for a total transaction of $83,866.20. Following the completion of the sale, the insider owned 207,019 shares of the company’s stock, valued at $11,044,463.65. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on MRX. TD Cowen boosted their price objective on shares of Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a report on Monday, June 8th. Jefferies Financial Group lifted their target price on shares of Marex Group plc Ordinary Shares from $57.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Weiss Ratings upgraded shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. UBS Group boosted their target price on shares of Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, Zacks Research upgraded Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Marex Group plc Ordinary Shares currently has a consensus rating of “Buy” and an average price target of $75.14.

Marex Group plc Ordinary Shares Stock Up 4.4%

Shares of NASDAQ:MRX opened at $65.92 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.76. The company has a market cap of $4.81 billion, a PE ratio of 14.98 and a beta of -0.10. The business has a 50 day simple moving average of $61.59. Marex Group plc Ordinary Shares has a twelve month low of $27.91 and a twelve month high of $71.18.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its earnings results on Tuesday, March 31st. The company reported $1.48 earnings per share (EPS) for the quarter. Marex Group plc Ordinary Shares had a net margin of 15.45% and a return on equity of 28.43%. The company had revenue of $692.30 million during the quarter. Analysts expect that Marex Group plc Ordinary Shares will post 5.56 earnings per share for the current fiscal year.

Marex Group plc Ordinary Shares Profile

Marex Group PLC is a financial services platform, providing liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. The Group’s operating segments are: Clearing, Agency and Execution, Market Making, Hedging and Investment Solutions, and Corporate. Maximum revenue is generated from the Agency and Execution segment, which offers liquidity and execution services to clients mainly in the energy and financial securities markets by connecting buyers and sellers in the energy markets, offering liquidity and risk management solutions for financial markets, and providing clearing, custody, capital introduction, portfolio financing, and outsourced trading services.