Thrivent Financial for Lutherans Purchases 4,654 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Thrivent Financial for Lutherans raised its position in MARA Holdings, Inc. (NASDAQ:MARA) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,248 shares of the business services provider’s stock after purchasing an additional 4,654 shares during the quarter. Thrivent Financial for Lutherans’ holdings in MARA were worth $3,751,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MARA. Dimensional Fund Advisors LP grew its stake in shares of MARA by 261.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in MARA by 186.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after buying an additional 1,327,969 shares during the period. Principal Financial Group Inc. grew its position in shares of MARA by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after buying an additional 37,150 shares during the last quarter. Millennium Management LLC increased its stake in shares of MARA by 12.7% in the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock valued at $26,477,000 after buying an additional 149,805 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of MARA by 12.8% during the third quarter. Van ECK Associates Corp now owns 1,106,037 shares of the business services provider’s stock worth $17,940,000 after acquiring an additional 125,717 shares during the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

MARA Price Performance

MARA stock opened at $26.42 on Tuesday. 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 company’s 50-day moving average is $18.03 and its 200-day moving average is $18.72. The stock has a market capitalization of $8.50 billion, a PE ratio of 33.44 and a beta of 5.52. MARA Holdings, Inc. has a 1 year low of $10.76 and a 1 year high of $34.09.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The firm had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The firm’s revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) EPS. Equities research analysts expect that MARA Holdings, Inc. will post -1.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MARA. Cantor Fitzgerald started coverage on shares of MARA in a research report on Thursday, October 10th. They set an “overweight” rating and a $21.00 target price for the company. Macquarie increased their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. dropped their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. Finally, Barclays began coverage on MARA in a research note on Monday. They issued an “equal weight” rating and a $27.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $23.33.

Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,512 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was 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 in the company, valued at $67,169,451.30. This trade represents a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the sale, the chief financial officer now owns 2,103,347 shares of the company’s stock, valued at $33,022,547.90. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,622 shares of company stock valued at $2,399,805. 0.97% of the stock is owned by company 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.