SLT Holdings LLC Has $444,000 Holdings in Marathon Digital Holdings, Inc. $MARA

SLT Holdings LLC reduced its position in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 33.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 28,340 shares of the business services provider’s stock after selling 14,460 shares during the quarter. SLT Holdings LLC’s holdings in Marathon Digital were worth $444,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MARA. American Century Companies Inc. increased its position in Marathon Digital by 55.7% in the 1st quarter. American Century Companies Inc. now owns 6,289,953 shares of the business services provider’s stock worth $72,334,000 after purchasing an additional 2,250,082 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in Marathon Digital in the 1st quarter worth about $14,810,000. Vanguard Group Inc. increased its position in Marathon Digital by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 39,811,453 shares of the business services provider’s stock worth $457,832,000 after purchasing an additional 1,028,512 shares during the last quarter. Nuveen LLC acquired a new position in Marathon Digital in the 1st quarter worth about $11,514,000. Finally, Groupama Asset Managment acquired a new position in shares of Marathon Digital during the 1st quarter valued at about $4,600,000. 44.53% of the stock is owned by institutional investors and hedge funds.

Marathon Digital Price Performance

Shares of NASDAQ:MARA opened at $18.63 on Friday. The business has a 50 day moving average price of $16.78 and a 200 day moving average price of $15.67. Marathon Digital Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $30.28. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 16.78 and a beta of 6.33. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47.

Marathon Digital (NASDAQ:MARA) last announced its earnings results on Tuesday, July 29th. The business services provider reported $1.84 earnings per share for the quarter, beating the consensus estimate of ($0.29) by $2.13. Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%.The firm had revenue of $238.50 million during the quarter, compared to the consensus estimate of $212.25 million. During the same quarter in the prior year, the company earned ($0.72) EPS. The firm’s revenue for the quarter was up 64.0% compared to the same quarter last year. Research analysts predict that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current year.

Insiders Place Their Bets

In other Marathon Digital news, CFO Salman Hassan Khan sold 34,732 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $16.24, for a total value of $564,047.68. Following the completion of the sale, the chief financial officer owned 318,428 shares in the company, valued at approximately $5,171,270.72. This trade represents a 9.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vicki Mealer-Burke sold 14,887 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $15.22, for a total value of $226,580.14. Following the completion of the sale, the director owned 58,103 shares of the company’s stock, valued at $884,327.66. This represents a 20.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,598 shares of company stock worth $3,486,838. 0.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Cantor Fitzgerald increased their price objective on Marathon Digital from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Rosenblatt Securities reissued a “buy” rating and set a $20.00 price objective on shares of Marathon Digital in a report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Digital in a report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Marathon Digital from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. Finally, Piper Sandler increased their price objective on Marathon Digital from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Seven equities research analysts have rated the stock with a Buy rating and five have assigned 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 $23.40.

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.