Truvestments Capital LLC Purchases Shares of 1,600 MARA Holdings, Inc. (NASDAQ:MARA)

Truvestments Capital LLC acquired a new position in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,600 shares of the business services provider’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in MARA by 261.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after buying an additional 2,340,472 shares during the last quarter. Bank of New York Mellon Corp raised its stake in MARA by 186.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after acquiring an additional 1,327,969 shares during the period. Principal Financial Group Inc. lifted its holdings in MARA by 4,394.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider’s stock valued at $26,892,000 after purchasing an additional 1,324,625 shares during the last quarter. Public Sector Pension Investment Board bought a new position in MARA during the second quarter worth $11,920,000. Finally, Rhumbline Advisers increased its holdings in shares of MARA by 126.5% in the second quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock valued at $15,615,000 after purchasing an additional 439,309 shares during the last quarter. 44.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Macquarie boosted their price objective on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Barclays began coverage on MARA in a research note on Monday. They set an “equal weight” rating and a $27.00 target price on the stock. HC Wainwright restated a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lowered their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $23.33.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. This trade represents a 0.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the sale, the chief financial officer now owns 2,103,347 shares of the company’s stock, valued at approximately $33,022,547.90. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,822 shares of company stock worth $2,702,877 over the last three months. Corporate insiders own 0.97% of the company’s stock.

MARA Stock Performance

MARA opened at $26.92 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA Holdings, Inc. has a 52-week low of $11.55 and a 52-week high of $34.09. The firm has a market cap of $8.66 billion, a P/E ratio of 34.08 and a beta of 5.52. The business’s fifty day moving average is $18.65 and its 200-day moving average is $18.88.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. During the same quarter in the previous year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was up 34.4% on a year-over-year basis. Sell-side analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

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.