Harvest Portfolios Group Inc. Acquires 8,778 Shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Harvest Portfolios Group Inc. lifted its holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 17.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,037 shares of the business services provider’s stock after acquiring an additional 8,778 shares during the period. Harvest Portfolios Group Inc.’s holdings in Marathon Digital were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC increased its position in Marathon Digital by 121.1% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,269 shares of the business services provider’s stock valued at $29,000 after buying an additional 695 shares in the last quarter. Signaturefd LLC increased its position in Marathon Digital by 74.8% in the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after buying an additional 1,273 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Marathon Digital in the 1st quarter valued at about $105,000. GAMMA Investing LLC increased its position in Marathon Digital by 108.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,865 shares of the business services provider’s stock valued at $136,000 after buying an additional 3,565 shares in the last quarter. Finally, Tobam increased its position in Marathon Digital by 173.0% in the 3rd quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after buying an additional 4,880 shares in the last quarter. 44.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on Marathon Digital from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. HC Wainwright reissued a “buy” rating and set a $27.00 price objective on shares of Marathon Digital in a report on Thursday, October 10th. Cantor Fitzgerald assumed coverage on Marathon Digital in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. Macquarie assumed coverage on Marathon Digital in a report on Tuesday, September 24th. They set an “outperform” rating and a $22.00 price objective for the company. Finally, B. Riley boosted their price objective on Marathon Digital from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.43.

Marathon Digital Price Performance

Marathon Digital stock opened at $19.32 on Thursday. Marathon Digital Holdings, Inc. has a 12 month low of $8.39 and a 12 month high of $34.09. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $16.49 and its 200 day simple moving average is $18.43. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 12.38 and a beta of 5.52.

Insider Buying and Selling at Marathon Digital

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,512 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Frederick G. Thiel sold 27,512 shares of the company’s stock in a transaction on Friday, September 20th. The shares were 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 of the company’s stock, valued at approximately $67,169,451.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $292,250.00. Following the completion of the transaction, the chief financial officer now directly owns 2,077,232 shares in the company, valued at approximately $36,351,560. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,417 shares of company stock valued at $1,516,536 in the last 90 days. 0.97% of the stock is currently owned by company insiders.

Marathon Digital Company 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.