Tower Research Capital LLC TRC Buys 9,158 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Tower Research Capital LLC TRC lifted its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 48.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,106 shares of the business services provider’s stock after acquiring an additional 9,158 shares during the quarter. Tower Research Capital LLC TRC’s holdings in MARA were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in MARA by 62.5% in the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock worth $537,000 after purchasing an additional 12,157 shares during the period. Principal Financial Group Inc. boosted its stake in shares of MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after buying an additional 37,150 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of MARA by 102.0% in the fourth quarter. GAMMA Investing LLC now owns 12,844 shares of the business services provider’s stock worth $215,000 after acquiring an additional 6,485 shares during the period. Fiduciary Alliance LLC purchased a new stake in MARA during the fourth quarter valued at $397,000. Finally, Arkadios Wealth Advisors bought a new position in MARA in the fourth quarter valued at about $231,000. 44.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on MARA shares. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Thursday, February 27th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Piper Sandler reduced their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, Barclays lowered their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, MARA currently has an average rating of “Hold” and an average target price of $22.80.

MARA Stock Up 1.5 %

Shares of MARA stock opened at $14.22 on Wednesday. The stock has a market cap of $4.92 billion, a P/E ratio of 18.00 and a beta of 6.10. The company’s fifty day simple moving average is $13.01 and its two-hundred day simple moving average is $17.47. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a 52 week low of $9.81 and a 52 week high of $30.28.

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 analysts’ consensus estimates of ($0.32) by $1.56. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. Analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity at MARA

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value 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 $65,232,861.24. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

MARA 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.