Blue Trust Inc. Has $56,000 Stock Position in MARA Holdings, Inc. (NASDAQ:MARA)

Blue Trust Inc. raised its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 415.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,341 shares of the business services provider’s stock after buying an additional 2,693 shares during the quarter. Blue Trust Inc.’s holdings in MARA were worth $56,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Spire Wealth Management grew its holdings in MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after acquiring an additional 599 shares during the last quarter. Financial Advocates Investment Management lifted its position in MARA by 5.2% during the 3rd quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 700 shares during the period. Stonehage Fleming Financial Services Holdings Ltd boosted 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 purchasing an additional 860 shares during the last quarter. Larson Financial Group LLC grew its position in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in shares of MARA by 6.6% during the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after buying an additional 1,170 shares during the last quarter. 44.53% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the transaction, the chief executive officer now directly owns 4,128,090 shares in the company, valued at $97,010,115. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.90, for a total transaction of $203,320.00. Following the transaction, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,015 shares of company stock valued at $2,237,086 over the last three months. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

MARA has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Barclays assumed coverage on MARA in a research report on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. Piper Sandler assumed coverage on shares of MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price on the stock. Finally, Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and upped their price target for the company from $21.00 to $25.00 in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, MARA has a consensus rating of “Hold” and an average price target of $25.67.

MARA Price Performance

Shares of MARA opened at $12.41 on Wednesday. The business’s fifty day moving average is $17.96 and its 200 day moving average is $18.50. MARA Holdings, Inc. has a 12-month low of $12.05 and a 12-month high of $34.09. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.21 billion, a P/E ratio of 15.71 and a beta of 5.76.

MARA 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.