Guggenheim Capital LLC Has $311,000 Stake in MARA Holdings, Inc. (NASDAQ:MARA)

Guggenheim Capital LLC trimmed its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 24.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,532 shares of the business services provider’s stock after selling 5,954 shares during the period. Guggenheim Capital LLC’s holdings in MARA were worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MARA. Beacon Capital Management LLC acquired a new stake in shares of MARA in the 4th quarter valued at $26,000. Sterling Capital Management LLC increased its stake in shares of MARA by 358.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider’s stock valued at $31,000 after buying an additional 1,426 shares during the period. Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after buying an additional 860 shares during the period. Spire Wealth Management increased its stake in shares of MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after buying an additional 599 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of MARA in the 4th quarter valued at $50,000. 44.53% of the stock is owned by institutional investors and hedge funds.

MARA Stock Performance

MARA opened at $14.30 on Monday. MARA Holdings, Inc. has a 52-week low of $9.81 and a 52-week high of $30.28. The firm has a market capitalization of $4.95 billion, a PE ratio of 18.10 and a beta of 6.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The business’s 50-day simple moving average is $13.08 and its 200 day simple moving average is $17.51.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MARA. Rosenblatt Securities began coverage on MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Barclays reduced their price target on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. HC Wainwright restated a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Thursday. Finally, Piper Sandler reduced their price target on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, MARA currently has a consensus rating of “Hold” and an average price target of $22.80.

Insider Buying and Selling

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

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.