Thrivent Financial for Lutherans Has $3.75 Million Stock Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Thrivent Financial for Lutherans raised its position in MARA Holdings, Inc. (NASDAQ:MARA) by 2.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 231,248 shares of the business services provider’s stock after acquiring an additional 4,654 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of MARA worth $3,751,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its position in shares of MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 1,273 shares during the last quarter. Capital Performance Advisors LLP bought a new position in MARA in the third quarter valued at approximately $50,000. DekaBank Deutsche Girozentrale acquired a new position in shares of MARA during the 1st quarter worth approximately $105,000. GAMMA Investing LLC boosted its holdings in shares of MARA by 108.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,865 shares of the business services provider’s stock valued at $136,000 after buying an additional 3,565 shares during the last quarter. Finally, Tobam grew its stake in shares of MARA by 173.0% in the third quarter. Tobam now owns 7,701 shares of the business services provider’s stock valued at $125,000 after buying an additional 4,880 shares in the last quarter. 44.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $292,250.00. Following the completion of the transaction, the chief financial officer now owns 2,077,232 shares of the company’s stock, valued at approximately $36,351,560. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $19.80, for a total transaction of $544,599.00. Following the completion of the sale, the chief executive officer now owns 4,155,595 shares in the company, valued at approximately $82,280,781. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,622 shares of company stock worth $2,399,805 over the last three months. Insiders own 0.97% of the company’s stock.

MARA Stock Up 1.5 %

NASDAQ MARA opened at $26.42 on Tuesday. The company has a market cap of $8.50 billion, a price-to-earnings 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. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $18.03 and a 200-day moving average of $18.72.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MARA. Compass Point cut shares of MARA from a “buy” rating to a “neutral” rating and upped their target price for the company from $21.00 to $25.00 in a report on Thursday, November 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their target price on MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 23rd. Barclays started coverage on MARA in a report on Monday. They set an “equal weight” rating and a $27.00 price target for the company. Finally, Cantor Fitzgerald initiated coverage on shares of MARA in a report on Thursday, October 10th. They issued an “overweight” rating and a $21.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.33.

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.