48,500 Shares in MARA Holdings, Inc. (NASDAQ:MARA) Acquired by X Square Capital LLC

X Square Capital LLC acquired a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 48,500 shares of the business services provider’s stock, valued at approximately $813,000.

Other large investors have also made changes to their positions in the company. Natixis Advisors LLC purchased a new stake in MARA in the third quarter valued at $255,000. Intech Investment Management LLC purchased a new stake in shares of MARA in the third quarter worth about $1,107,000. Charles Schwab Investment Management Inc. raised its position in MARA by 8.9% during the third 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 in the last quarter. Cerity Partners LLC lifted its holdings in MARA by 97.4% in the third quarter. Cerity Partners LLC now owns 26,816 shares of the business services provider’s stock valued at $435,000 after acquiring an additional 13,232 shares during the period. Finally, Larson Financial Group LLC boosted its position in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,062 shares in the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

MARA Stock Down 1.1 %

MARA stock opened at $13.64 on Friday. 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 firm has a 50-day moving average of $15.67 and a two-hundred day moving average of $18.06. MARA Holdings, Inc. has a 12 month low of $12.03 and a 12 month high of $30.28. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 17.27 and a beta of 5.95.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $187.11 million. As a group, analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MARA has been the subject of several analyst reports. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Piper Sandler dropped their target price on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Rosenblatt Securities initiated coverage on MARA in a report on Friday, March 7th. They issued a “buy” rating and a $19.00 price target for the company. Finally, B. Riley raised their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.80.

Insider Buying and Selling

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company’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 owns 3,910,843 shares of the company’s stock, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA 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 of the company’s stock, valued at approximately $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. Over the last ninety days, insiders sold 72,710 shares of company stock worth $1,226,825. 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.