254,276 Shares in Marathon Digital Holdings, Inc. $MARA Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 254,276 shares of the business services provider’s stock, valued at approximately $4,643,000. WINTON GROUP Ltd owned 0.07% of Marathon Digital as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. boosted its position in shares of Marathon Digital by 56.8% during the third quarter. Bessemer Group Inc. now owns 1,819 shares of the business services provider’s stock worth $33,000 after purchasing an additional 659 shares in the last quarter. Archer Investment Corp increased its position in shares of Marathon Digital by 10.9% in the 2nd quarter. Archer Investment Corp now owns 7,650 shares of the business services provider’s stock valued at $120,000 after buying an additional 750 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Marathon Digital by 15.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 5,812 shares of the business services provider’s stock worth $108,000 after buying an additional 799 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in Marathon Digital by 3.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,389 shares of the business services provider’s stock worth $537,000 after buying an additional 882 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in Marathon Digital by 2.7% during the second quarter. Ameritas Investment Partners Inc. now owns 35,443 shares of the business services provider’s stock worth $556,000 after acquiring an additional 934 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $7.66, for a total value of $210,688.30. Following the sale, the chief executive officer owned 3,381,861 shares of the company’s stock, valued at approximately $25,905,055.26. This trade represents a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $7.66, for a total value of $122,560.00. Following the transaction, the chief financial officer directly owned 359,165 shares of the company’s stock, valued at approximately $2,751,203.90. This trade represents a 4.26% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 133,247 shares of company stock worth $1,325,255. 0.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MARA shares. Compass Point raised Marathon Digital from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Monday, November 24th. Piper Sandler cut their price objective on Marathon Digital from $26.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Cantor Fitzgerald decreased their price objective on Marathon Digital from $21.00 to $11.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. JPMorgan Chase & Co. lowered their target price on Marathon Digital from $20.00 to $13.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Finally, HC Wainwright restated a “neutral” rating on shares of Marathon Digital in a report on Friday, February 27th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.00.

Marathon Digital Price Performance

Shares of NASDAQ MARA opened at $8.66 on Tuesday. The company has a fifty day moving average price of $9.21 and a 200 day moving average price of $13.17. The firm has a market cap of $3.29 billion, a PE ratio of -2.19 and a beta of 5.51. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.92. Marathon Digital Holdings, Inc. has a 1-year low of $6.66 and a 1-year high of $23.45.

Marathon Digital (NASDAQ:MARA) last released its quarterly earnings results on Thursday, February 26th. The business services provider reported ($4.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($4.29). The firm had revenue of $202.31 million during the quarter, compared to analyst estimates of $250.74 million. Marathon Digital had a negative net margin of 144.58% and a negative return on equity of 19.01%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 EPS. Research analysts predict that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.