Mutual of America Capital Management LLC Boosts Stake in MARA Holdings, Inc. (NASDAQ:MARA)

Mutual of America Capital Management LLC increased its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 208,293 shares of the business services provider’s stock after purchasing an additional 4,318 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of MARA worth $3,493,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after purchasing an additional 217,106 shares during the period. Weiss Asset Management LP purchased a new position in shares of MARA during the 3rd quarter worth approximately $1,557,000. Intech Investment Management LLC purchased a new position in shares of MARA during the 3rd quarter worth approximately $1,107,000. Public Sector Pension Investment Board boosted its position in MARA by 4.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock valued at $10,135,000 after buying an additional 24,300 shares during the period. Finally, Capital Advisors Inc. OK purchased a new position in MARA in the 4th quarter valued at approximately $699,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

MARA Price Performance

Shares of NASDAQ:MARA opened at $15.12 on Thursday. The company’s fifty day moving average price is $17.28 and its 200 day moving average price is $18.43. MARA Holdings, Inc. has a 12 month low of $12.05 and a 12 month high of $30.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market capitalization of $5.13 billion, a P/E ratio of 19.14 and a beta of 5.76.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. As a group, sell-side analysts predict that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on MARA. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised shares of MARA from an “underweight” rating to a “neutral” rating and raised their price target for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Macquarie raised their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Barclays decreased their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Needham & Company LLC reissued a “hold” rating on shares of MARA in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, MARA currently has a consensus rating of “Hold” and a consensus price target of $23.78.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now directly owns 4,128,090 shares in the company, valued at $97,010,115. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares in the company, 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. Insiders have sold 117,915 shares of company stock worth $2,289,443 in the last ninety days. 0.80% of the stock is owned by corporate insiders.

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.