Los Angeles Capital Management LLC Sells 8,195 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Los Angeles Capital Management LLC cut its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 26.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 23,223 shares of the business services provider’s stock after selling 8,195 shares during the period. Los Angeles Capital Management LLC’s holdings in MARA were worth $389,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MARA. Beacon Capital Management LLC bought a new stake in MARA in the fourth quarter worth approximately $26,000. Truvestments Capital LLC bought a new stake in shares of MARA in 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. Finally, Spire Wealth Management grew its holdings in MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 599 shares during the period. 44.53% of the stock is owned by institutional investors and hedge funds.

MARA Price Performance

Shares of NASDAQ:MARA opened at $13.79 on Tuesday. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.68 billion, a PE ratio of 17.46 and a beta of 5.76. The stock’s fifty day simple moving average is $17.52 and its two-hundred day simple moving average is $18.46. MARA Holdings, Inc. has a 1-year low of $12.05 and a 1-year high of $30.28.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate 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, analysts forecast that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on MARA. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Thursday, February 27th. Macquarie upped their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. Finally, B. Riley increased their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, MARA has an average rating of “Hold” and a consensus target price of $23.78.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the sale, the chief executive officer now directly owns 4,100,585 shares in the company, valued at $73,851,535.85. The trade was a 0.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $392,450.00. Following the transaction, the chief financial officer now owns 1,836,129 shares of the company’s stock, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,215 shares of company stock valued at $2,033,766 over the last three months. Corporate insiders own 0.80% of the company’s stock.

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.