Vanguard Group Inc. Grows Stock Holdings in Marathon Digital Holdings, Inc. $MARA

Vanguard Group Inc. increased its stake in Marathon Digital Holdings, Inc. (NASDAQ:MARAFree Report) by 9.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 45,311,718 shares of the business services provider’s stock after buying an additional 4,049,979 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of Marathon Digital worth $827,392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MARA. Tobam raised its stake in Marathon Digital by 51.1% during the third quarter. Tobam now owns 56,293 shares of the business services provider’s stock valued at $1,028,000 after buying an additional 19,037 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Marathon Digital by 13.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 137,141 shares of the business services provider’s stock valued at $2,504,000 after acquiring an additional 16,762 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Marathon Digital by 23.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 21,548 shares of the business services provider’s stock worth $393,000 after purchasing an additional 4,131 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Marathon Digital by 20.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,445,051 shares of the business services provider’s stock worth $26,387,000 after purchasing an additional 245,222 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its stake in Marathon Digital by 22.9% in the 3rd quarter. Wedbush Securities Inc. now owns 14,969 shares of the business services provider’s stock worth $273,000 after purchasing an additional 2,790 shares in the last quarter. Institutional investors own 44.53% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 34,732 shares of Marathon Digital stock in a transaction on Monday, December 15th. The stock was sold at an average price of $11.48, for a total value of $398,723.36. Following the completion of the sale, the chief financial officer owned 248,566 shares of the company’s stock, valued at $2,853,537.68. The trade was a 12.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $10.80, for a total value of $297,054.00. Following the sale, the chief executive officer owned 3,517,566 shares of the company’s stock, valued at approximately $37,989,712.80. This trade represents a 0.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 133,247 shares of company stock worth $1,325,255. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

MARA has been the subject of a number of analyst reports. Cantor Fitzgerald reduced their price objective on shares of Marathon Digital from $30.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Morgan Stanley initiated coverage on shares of Marathon Digital in a report on Monday, February 9th. They issued an “underweight” rating and a $8.00 price objective for the company. Weiss Ratings raised Marathon Digital from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Rosenblatt Securities reduced their target price on Marathon Digital from $25.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, Compass Point upgraded Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Monday, November 24th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.00.

View Our Latest Report on Marathon Digital

Marathon Digital Trading Up 0.1%

Shares of MARA stock opened at $7.97 on Monday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.63. Marathon Digital Holdings, Inc. has a 12-month low of $6.66 and a 12-month high of $23.45. The stock has a market capitalization of $3.01 billion, a P/E ratio of 4.43 and a beta of 5.56. The firm’s 50 day moving average is $9.51 and its 200 day moving average is $13.72.

Marathon Digital News Summary

Here are the key news stories impacting Marathon Digital this week:

Marathon Digital Company Profile

(Free Report)

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.

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Institutional Ownership by Quarter for Marathon Digital (NASDAQ:MARA)

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