Lake Hills Wealth Management LLC Buys 2,766 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Lake Hills Wealth Management LLC lifted its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 27.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,987 shares of the business services provider’s stock after buying an additional 2,766 shares during the quarter. Lake Hills Wealth Management LLC’s holdings in MARA were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake 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 valued at $64,249,000 after acquiring an additional 2,340,472 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in MARA by 79.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 96,012 shares of the business services provider’s stock worth $1,906,000 after acquiring an additional 42,647 shares during the last quarter. Amalgamated Bank increased its holdings in shares of MARA by 1,000.2% in the 2nd quarter. Amalgamated Bank now owns 83,275 shares of the business services provider’s stock worth $1,653,000 after buying an additional 75,706 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of MARA by 67.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,406 shares of the business services provider’s stock valued at $385,000 after buying an additional 7,827 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of MARA by 101.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 28,093 shares of the business services provider’s stock valued at $558,000 after acquiring an additional 14,156 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MARA has been the subject of several research analyst reports. Piper Sandler started coverage on shares of MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target for the company. Barclays started coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 target price on the stock. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.67.

MARA Stock Performance

MARA stock opened at $19.69 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA Holdings, Inc. has a fifty-two week low of $13.16 and a fifty-two week high of $34.09. The firm’s 50 day simple moving average is $21.37 and its 200-day simple moving average is $19.09. The company has a market cap of $6.34 billion, a P/E ratio of 24.92 and a beta of 5.76.

MARA (NASDAQ:MARA) last issued its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The business’s revenue was up 34.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) EPS. As a group, equities research analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $330,660.00. Following the completion of the transaction, the chief financial officer now directly owns 2,029,647 shares of the company’s stock, valued at $40,187,010.60. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total transaction of $544,599.00. Following the sale, the chief executive officer now directly owns 4,155,595 shares in the company, valued at $82,280,781. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,915 shares of company stock valued at $2,980,694 over the last ninety days. 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.