133,063 Shares in Marathon Digital Holdings, Inc. $MARA Acquired by Caxton Associates LLP

Caxton Associates LLP purchased a new position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 133,063 shares of the business services provider’s stock, valued at approximately $1,530,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in shares of Marathon Digital by 65.3% during the 1st quarter. NewEdge Advisors LLC now owns 7,672 shares of the business services provider’s stock worth $88,000 after acquiring an additional 3,032 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Marathon Digital by 11.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,848,036 shares of the business services provider’s stock valued at $21,255,000 after acquiring an additional 186,904 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Marathon Digital by 9.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 991 shares during the period. Federation des caisses Desjardins du Quebec raised its holdings in Marathon Digital by 161.8% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 95,667 shares of the business services provider’s stock valued at $1,100,000 after acquiring an additional 59,130 shares during the period. Finally, SRN Advisors LLC raised its holdings in Marathon Digital by 16.1% during the 1st quarter. SRN Advisors LLC now owns 71,093 shares of the business services provider’s stock valued at $818,000 after acquiring an additional 9,883 shares during the period. Institutional investors own 44.53% of the company’s stock.

Insider Buying and Selling at Marathon Digital

In other news, CFO Salman Hassan Khan sold 34,733 shares of the company’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $15.85, for a total value of $550,518.05. Following the transaction, the chief financial officer owned 1,413,298 shares of the company’s stock, valued at approximately $22,400,773.30. This represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $15.28, for a total transaction of $420,276.40. Following the completion of the transaction, the chief executive officer owned 3,810,799 shares of the company’s stock, valued at $58,229,008.72. This trade represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 188,712 shares of company stock worth $3,170,128. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

MARA has been the topic of a number of analyst reports. Macquarie boosted their target price on shares of Marathon Digital from $19.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Rosenblatt Securities reissued a “buy” rating and set a $20.00 target price on shares of Marathon Digital in a report on Wednesday, July 30th. Compass Point raised shares of Marathon Digital from a “sell” rating to a “neutral” rating and boosted their target price for the company from $9.50 to $18.00 in a report on Friday, July 25th. Cantor Fitzgerald boosted their target price on shares of Marathon Digital from $34.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. raised shares of Marathon Digital from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $19.00 to $22.00 in a report on Monday, July 28th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Marathon Digital currently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

Marathon Digital Trading Up 4.8%

Marathon Digital stock opened at $15.93 on Wednesday. The stock has a market cap of $5.90 billion, a P/E ratio of 14.35 and a beta of 6.35. Marathon Digital Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. The firm’s fifty day moving average price is $16.76 and its 200-day moving average price is $14.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 0.54.

Marathon Digital (NASDAQ:MARA) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of ($0.29) by $2.13. The firm had revenue of $238.50 million for the quarter, compared to analysts’ expectations of $212.25 million. Marathon Digital had a net margin of 85.02% and a negative return on equity of 2.11%. The business’s quarterly revenue was up 64.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.72) earnings per share. Equities research analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Marathon Digital 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.