MARA Stock Slides as Cambridge Investment Trims Investment by 50.8% in Marathon Digital Holdings, Inc.

Cambridge Investment Research Advisors Inc., a US-based broker-dealer and asset management firm, has significantly decreased its investment in Marathon Digital Holdings, Inc. (NASDAQ: MARA), a leading supporter and protector of the Bitcoin ecosystem. The reduction amounted to a staggering 50.8% during the fourth quarter of the fiscal year 2020. As per the company’s recent filing with the Securities and Exchange Commission (SEC), Cambridge Investment previously held 213,018 (213.018K) shares of MARA but now possesses only around 104,768 (104.76K) shares valued at $358,000 ($358K).

At the same time, Mirae Asset Global Investments Co. Ltd., a leading investment management firm, also made a substantial reduction in its position in Marathon Digital Holdings, Inc. during the fourth quarter of the previous year. Their reduction amounted to an impressive 29.7%. The filing with the SEC revealed that Mirae Asset sold approximately 347,089 (347.08M) shares, leaving them with only 821,040 (821.04M) shares of the company’s stock. At the current market value, these remaining shares are worth an estimated $2,808,000 ($2.80M).

In contrast, LPL Financial LLC increased its holdings in the company’s shares by 3.7% in Q4, according to a statement made by the Securities and Exchange Commission. The fund now owns over 491K shares of MARA stock valued at $1,681,000 ($1.68M).

On Friday, the stock of Marathon Digital Holdings, Inc. experienced a decline of -1.98% and closed at $8.93 per share. The trading volume was 31,623,083 (31.62M) shares. The current market capitalization of the company stands at $1.52 billion.

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