MetLife Investment Management LLC Has $2.86 Million Stock Position in MARA Holdings, Inc. (NASDAQ:MARA)

MetLife Investment Management LLC raised its position in MARA Holdings, Inc. (NASDAQ:MARA) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,320 shares of the business services provider’s stock after buying an additional 12,678 shares during the quarter. MetLife Investment Management LLC’s holdings in MARA were worth $2,856,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Franklin Resources Inc. lifted its position in shares of MARA by 62.5% in the 3rd quarter. Franklin Resources Inc. now owns 31,621 shares of the business services provider’s stock worth $537,000 after purchasing an additional 12,157 shares during the period. Principal Financial Group Inc. boosted its stake in MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after acquiring an additional 37,150 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of MARA by 102.0% during the 4th quarter. GAMMA Investing LLC now owns 12,844 shares of the business services provider’s stock worth $215,000 after acquiring an additional 6,485 shares during the period. Fiduciary Alliance LLC purchased a new position in MARA in the 4th quarter valued at approximately $397,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of MARA during the fourth quarter valued at about $231,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

MARA Stock Up 2.1 %

MARA stock opened at $14.30 on Friday. The company has a market capitalization of $4.95 billion, a P/E ratio of 18.10 and a beta of 6.10. The firm’s fifty day simple moving average is $13.08 and its 200-day simple moving average is $17.49. MARA Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, equities research analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Insider Transactions at MARA

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the sale, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and issued a $28.00 target price on shares of MARA in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Barclays cut their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Piper Sandler decreased their target price on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, Rosenblatt Securities assumed coverage on MARA in a report on Friday, March 7th. They issued a “buy” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.80.

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.