Teachers Retirement System of The State of Kentucky Raises Position in MARA Holdings, Inc. (NASDAQ:MARA)

Teachers Retirement System of The State of Kentucky boosted its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 4.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 79,650 shares of the business services provider’s stock after purchasing an additional 3,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in MARA were worth $1,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Advocates Investment Management lifted its stake in shares of MARA by 5.2% in the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 700 shares during the last quarter. Ranch Capital Advisors Inc. lifted its position in MARA by 6.1% in the second quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 780 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,062 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of MARA by 6.6% in the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after buying an additional 1,273 shares during the period. 44.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MARA shares. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and increased their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Macquarie increased their target price on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Cantor Fitzgerald initiated coverage on MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target on the stock. Barclays assumed coverage on MARA in a report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, MARA presently has an average rating of “Hold” and a consensus target price of $25.50.

MARA Trading Up 0.2 %

MARA opened at $24.60 on Wednesday. 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 $13.16 and a 52 week high of $34.09. The stock has a market cap of $7.92 billion, a PE ratio of 31.14 and a beta of 5.63. The business has a 50 day moving average of $20.92 and a 200-day moving average of $19.29.

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

Insider Buying and Selling

In other news, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $15.70, for a total transaction of $431,938.40. Following the completion of the transaction, the chief executive officer now directly owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. This trade represents a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total value of $292,250.00. Following the completion of the sale, the chief financial officer now owns 2,077,232 shares in the company, valued at $36,351,560. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,922 shares of company stock valued at $2,651,807 over the last quarter. Corporate insiders own 0.97% 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.