Marathon Digital Holdings, Inc. $MARA Shares Bought by Fiduciary Alliance LLC

Fiduciary Alliance LLC boosted its position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 26.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 72,735 shares of the business services provider’s stock after acquiring an additional 15,426 shares during the period. Fiduciary Alliance LLC’s holdings in Marathon Digital were worth $1,140,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MARA. BNP Paribas Financial Markets acquired a new stake in shares of Marathon Digital in the fourth quarter valued at about $839,000. Captrust Financial Advisors grew its position in shares of Marathon Digital by 54.3% in the fourth quarter. Captrust Financial Advisors now owns 20,839 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 7,337 shares during the period. Janus Henderson Group PLC grew its position in shares of Marathon Digital by 7.6% in the fourth quarter. Janus Henderson Group PLC now owns 133,609 shares of the business services provider’s stock valued at $2,241,000 after purchasing an additional 9,400 shares during the period. Nuveen Asset Management LLC grew its position in shares of Marathon Digital by 5.4% in the fourth quarter. Nuveen Asset Management LLC now owns 822,705 shares of the business services provider’s stock valued at $13,797,000 after purchasing an additional 41,929 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Marathon Digital by 50.0% in the fourth quarter. ProShare Advisors LLC now owns 87,307 shares of the business services provider’s stock valued at $1,464,000 after purchasing an additional 29,089 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Activity

In related news, Director Vicki Mealer-Burke sold 14,887 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $15.22, for a total transaction of $226,580.14. Following the sale, the director directly owned 58,103 shares of the company’s stock, valued at $884,327.66. This represents a 20.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Salman Hassan Khan sold 34,732 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $15.73, for a total transaction of $546,334.36. Following the sale, the chief financial officer directly owned 353,160 shares in the company, valued at approximately $5,555,206.80. The trade was a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,361 shares of company stock valued at $2,441,463. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MARA shares. Compass Point started coverage on shares of Marathon Digital in a research report on Monday. They issued a “neutral” rating and a $18.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of Marathon Digital from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $22.00 in a research report on Monday, July 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of Marathon Digital in a research report on Wednesday, July 30th. BTIG Research reiterated a “buy” rating and issued a $27.00 target price on shares of Marathon Digital in a research report on Friday, September 5th. Finally, Piper Sandler boosted their price target on shares of Marathon Digital from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Marathon Digital currently has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Marathon Digital Price Performance

Marathon Digital stock opened at $17.53 on Wednesday. The company’s 50 day simple moving average is $16.64 and its 200-day simple moving average is $15.07. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 15.79 and a beta of 6.35. Marathon Digital Holdings, Inc. has a 1 year low of $9.81 and a 1 year high of $30.28. 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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $2.13. The business had revenue of $238.50 million for the quarter, compared to the consensus estimate 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 revenue was up 64.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.72) EPS. As a group, equities research analysts expect that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current year.

Marathon Digital 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.