Centric Wealth Management Buys 40,100 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Centric Wealth Management lifted its position in MARA Holdings, Inc. (NASDAQ:MARA) by 44.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,101 shares of the business services provider’s stock after buying an additional 40,100 shares during the quarter. Centric Wealth Management’s holdings in MARA were worth $2,182,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in MARA in the 4th quarter valued at $46,413,000. Vanguard Group Inc. increased its holdings in shares of MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock valued at $650,390,000 after purchasing an additional 2,706,271 shares during the last quarter. American Century Companies Inc. raised its position in shares of MARA by 44.3% in the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock valued at $67,749,000 after purchasing an additional 1,240,354 shares during the period. Wellington Management Group LLP lifted its stake in shares of MARA by 1,726.2% during the 4th quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider’s stock worth $12,015,000 after buying an additional 677,199 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of MARA by 2,004.5% during the 4th quarter. Franklin Resources Inc. now owns 665,450 shares of the business services provider’s stock worth $11,160,000 after buying an additional 633,829 shares during the period. 44.53% of the stock is currently owned by institutional investors and hedge funds.

MARA Stock Performance

NASDAQ MARA opened at $11.50 on Tuesday. The firm’s 50 day simple moving average is $15.35 and its 200 day simple moving average is $18.04. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 14.56 and a beta of 5.95. 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 Holdings, Inc. has a 1 year low of $11.29 and a 1 year high of $30.28.

MARA (NASDAQ:MARA) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share 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 firm had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. As a group, research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s 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 owns 4,100,585 shares of the company’s stock, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,710 shares of company stock worth $1,226,825 over the last 90 days. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MARA. JPMorgan Chase & Co. lowered their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. HC Wainwright reissued a “buy” rating and set a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Barclays decreased their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday, February 27th. Finally, B. Riley upped their price target on shares of MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. One equities research 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, the company has a consensus rating of “Hold” and an average price target of $22.80.

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.