Renaissance Technologies LLC decreased its position in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX – Free Report) by 63.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 80,520 shares of the company’s stock after selling 140,267 shares during the quarter. Renaissance Technologies LLC’s holdings in Marex Group plc Ordinary Shares were worth $3,590,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of Marex Group plc Ordinary Shares by 89.5% in the 1st quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock worth $54,000 after acquiring an additional 571 shares during the period. Abel Hall LLC bought a new stake in Marex Group plc Ordinary Shares in the 1st quarter valued at about $214,000. Pale Fire Capital SE acquired a new position in Marex Group plc Ordinary Shares during the 1st quarter valued at about $239,000. Keybank National Association OH boosted its stake in Marex Group plc Ordinary Shares by 12.7% during the 1st quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock valued at $395,000 after purchasing an additional 1,001 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in Marex Group plc Ordinary Shares in the 1st quarter worth about $445,000.
Marex Group plc Ordinary Shares Stock Performance
MRX opened at $60.81 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.76. The company has a market cap of $4.44 billion, a P/E ratio of 13.82 and a beta of -0.10. The stock has a fifty day moving average price of $62.82. Marex Group plc Ordinary Shares has a one year low of $27.91 and a one year high of $71.18.
Insider Buying and Selling
In other Marex Group plc Ordinary Shares news, insider Thomas Texier sold 1,572 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $53.35, for a total value of $83,866.20. Following the completion of the sale, the insider directly owned 207,019 shares of the company’s stock, valued at approximately $11,044,463.65. This represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.79% of the company’s stock.
Analysts Set New Price Targets
MRX has been the topic of several analyst reports. Compass Point set a $80.00 price target on shares of Marex Group plc Ordinary Shares in a research note on Thursday, July 9th. Keefe, Bruyette & Woods boosted their price objective on Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Barclays increased their price objective on Marex Group plc Ordinary Shares from $60.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Weiss Ratings upgraded Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Finally, TD Cowen lifted their target price on Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $75.14.
Read Our Latest Research Report on MRX
Marex Group plc Ordinary Shares Profile
Marex Group PLC is a financial services platform, providing liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. The Group’s operating segments are: Clearing, Agency and Execution, Market Making, Hedging and Investment Solutions, and Corporate. Maximum revenue is generated from the Agency and Execution segment, which offers liquidity and execution services to clients mainly in the energy and financial securities markets by connecting buyers and sellers in the energy markets, offering liquidity and risk management solutions for financial markets, and providing clearing, custody, capital introduction, portfolio financing, and outsourced trading services.
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