Aptus Capital Advisors LLC Sells 1,058 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Aptus Capital Advisors LLC cut its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,515 shares of the business services provider’s stock after selling 1,058 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.07% of MARA worth $3,317,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MARA. Swiss National Bank grew its position in MARA by 5.4% during the 1st quarter. Swiss National Bank now owns 439,600 shares of the business services provider’s stock worth $9,926,000 after acquiring an additional 22,600 shares during the last quarter. ProShare Advisors LLC grew its position in MARA by 13.3% during the 1st quarter. ProShare Advisors LLC now owns 41,626 shares of the business services provider’s stock worth $940,000 after acquiring an additional 4,873 shares during the last quarter. Vanguard Group Inc. lifted its holdings in MARA by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock worth $540,002,000 after buying an additional 441,455 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in MARA by 4.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 22,359 shares of the business services provider’s stock worth $505,000 after buying an additional 881 shares during the period. Finally, American International Group Inc. lifted its holdings in MARA by 4.3% in the 1st quarter. American International Group Inc. now owns 110,489 shares of the business services provider’s stock worth $2,495,000 after buying an additional 4,593 shares during the period. 44.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,512 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the sale, the chief executive officer now directly owns 4,278,309 shares in the company, valued at $67,169,451.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $17.50, for a total transaction of $292,250.00. Following the transaction, the chief financial officer now owns 2,077,232 shares in the company, valued at approximately $36,351,560. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,512 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the transaction, the chief executive officer now owns 4,278,309 shares in the company, valued at approximately $67,169,451.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,417 shares of company stock worth $1,524,546 over the last three months. 0.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on MARA from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Cantor Fitzgerald began coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price for the company. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday. HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a research note on Wednesday. Finally, Macquarie began coverage on MARA in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $22.00 target price for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.57.

MARA Stock Down 14.0 %

NASDAQ MARA opened at $21.70 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.75 and a current ratio of 3.75. The company has a market capitalization of $6.39 billion, a P/E ratio of 27.47 and a beta of 5.52. MARA Holdings, Inc. has a one year low of $8.88 and a one year high of $34.09. The stock has a 50 day moving average price of $17.09 and a 200-day moving average price of $18.54.

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.