Freedom (NASDAQ:FRHC) Sets New 1-Year High – What’s Next?

Freedom Holding Corp. (NASDAQ:FRHC) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $166.00 and last traded at $165.69, with a volume of 6909 shares trading hands. The stock had previously closed at $163.61.

Freedom Trading Up 0.5%

The stock has a 50 day moving average price of $136.65 and a 200 day moving average price of $133.35. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.40. The company has a market cap of $9.98 billion, a PE ratio of 31.94 and a beta of 1.14.

Insider Transactions at Freedom

In related news, insider Sergey Lukyanov sold 1,958 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $160.53, for a total value of $314,317.74. Following the transaction, the insider now owns 122,842 shares in the company, valued at $19,719,826.26. The trade was a 1.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Evgeny Ler sold 15,114 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $157.37, for a total transaction of $2,378,490.18. Following the completion of the transaction, the chief financial officer now owns 38,794 shares in the company, valued at approximately $6,105,011.78. The trade was a 28.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,072 shares of company stock valued at $4,418,488 in the last three months. 70.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Freedom

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Freedom by 286.0% during the 4th quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company’s stock valued at $4,471,000 after purchasing an additional 25,350 shares during the last quarter. Barclays PLC lifted its holdings in shares of Freedom by 219.1% during the fourth quarter. Barclays PLC now owns 13,224 shares of the company’s stock valued at $1,728,000 after purchasing an additional 9,080 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Freedom during the fourth quarter valued at $10,589,000. AlphaQuest LLC lifted its holdings in shares of Freedom by 119.0% during the fourth quarter. AlphaQuest LLC now owns 4,154 shares of the company’s stock valued at $543,000 after purchasing an additional 2,257 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of Freedom by 828.2% during the fourth quarter. Quantbot Technologies LP now owns 6,228 shares of the company’s stock valued at $814,000 after purchasing an additional 5,557 shares in the last quarter. Institutional investors own 1.26% of the company’s stock.

About Freedom

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer’s account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services.