Brookstone Capital Management Sells 15,171 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Brookstone Capital Management lessened its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 16.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 77,674 shares of the business services provider’s stock after selling 15,171 shares during the quarter. Brookstone Capital Management’s holdings in MARA were worth $1,303,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of MARA by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after buying an additional 378,542 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after buying an additional 2,340,472 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of MARA by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after buying an additional 217,106 shares during the last quarter. Principal Financial Group Inc. boosted its holdings 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. Finally, Millennium Management LLC boosted its holdings in shares of MARA by 12.7% in the 2nd 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 last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Buying and Selling

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the transaction, the chief financial officer now owns 1,836,129 shares in the company, valued at $43,149,031.50. The trade was a 0.90 % decrease in their ownership of the stock. The transaction 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 MARA stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $19.80, for a total value of $544,599.00. Following the completion of the transaction, the chief executive officer now owns 4,155,595 shares in the company, valued at approximately $82,280,781. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,410 shares of company stock worth $2,485,329. Company insiders own 0.97% of the company’s stock.

MARA Stock Up 4.6 %

Shares of NASDAQ MARA opened at $18.15 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. MARA Holdings, Inc. has a 52 week low of $13.16 and a 52 week high of $34.09. The stock has a market capitalization of $5.84 billion, a P/E ratio of 22.97 and a beta of 5.76. The stock’s fifty day moving average is $21.63 and its 200 day moving average is $19.16.

MARA (NASDAQ:MARA) last issued its quarterly earnings results 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). MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $131.60 million during the quarter, compared to the consensus estimate of $140.26 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. Sell-side analysts forecast that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MARA has been the subject of several research reports. Piper Sandler initiated coverage on MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Wednesday, November 13th. B. Riley raised their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Cantor Fitzgerald initiated coverage on MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target for the company. Finally, JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price target for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.80.

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.