State of New Jersey Common Pension Fund D Has $4.75 Million Holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

State of New Jersey Common Pension Fund D boosted its stake in Marathon Digital Holdings, Inc. (NASDAQ:MARAFree Report) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 202,141 shares of the business services provider’s stock after purchasing an additional 16,663 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Marathon Digital were worth $4,748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MARA. Vanguard Group Inc. raised its position in shares of Marathon Digital by 5.7% in the third quarter. Vanguard Group Inc. now owns 18,523,195 shares of the business services provider’s stock valued at $157,447,000 after purchasing an additional 1,000,225 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Marathon Digital by 29.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,295,391 shares of the business services provider’s stock worth $30,429,000 after buying an additional 296,776 shares during the last quarter. L2 Asset Management LLC bought a new position in shares of Marathon Digital in the 3rd quarter worth $300,000. SG Americas Securities LLC increased its holdings in shares of Marathon Digital by 203.9% in the 4th quarter. SG Americas Securities LLC now owns 266,176 shares of the business services provider’s stock worth $6,252,000 after buying an additional 178,578 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Marathon Digital in the 4th quarter valued at $200,000. 44.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

MARA has been the subject of a number of research reports. Chardan Capital upped their price objective on shares of Marathon Digital from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. increased their price target on shares of Marathon Digital from $16.00 to $16.50 and gave the stock an “underweight” rating in a research note on Wednesday, April 10th. StockNews.com raised shares of Marathon Digital from a “sell” rating to a “hold” rating in a report on Tuesday. HC Wainwright reaffirmed a “buy” rating and set a $35.00 price target on shares of Marathon Digital in a report on Tuesday, March 19th. Finally, BTIG Research upgraded shares of Marathon Digital from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three 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 $21.11.

Get Our Latest Research Report on Marathon Digital

Marathon Digital Price Performance

MARA stock traded up $0.42 during midday trading on Friday, reaching $19.43. The stock had a trading volume of 39,307,489 shares, compared to its average volume of 72,521,117. Marathon Digital Holdings, Inc. has a 52-week low of $7.16 and a 52-week high of $34.09. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 22.30 and a beta of 5.36. The company’s fifty day simple moving average is $21.11 and its 200 day simple moving average is $17.74. The company has a current ratio of 30.50, a quick ratio of 30.51 and a debt-to-equity ratio of 0.20.

Marathon Digital (NASDAQ:MARAGet Free Report) last released its earnings results on Wednesday, February 28th. The business services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.07). The firm had revenue of $156.77 million during the quarter, compared to analyst estimates of $138.15 million. Marathon Digital had a net margin of 48.93% and a negative return on equity of 4.61%. As a group, sell-side analysts predict that Marathon Digital Holdings, Inc. will post -0.04 earnings per share for the current fiscal year.

Marathon Digital Profile

(Free Report)

Marathon Digital 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 Patent Group, Inc and changed its name to Marathon Digital Holdings, Inc in February 2021. Marathon Digital Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.

Recommended Stories

Want to see what other hedge funds are holding MARA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Digital Holdings, Inc. (NASDAQ:MARAFree Report).

Institutional Ownership by Quarter for Marathon Digital (NASDAQ:MARA)

Receive News & Ratings for Marathon Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Digital and related companies with MarketBeat.com's FREE daily email newsletter.