Freedom Holding Corp. $FRHC Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 125.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,196 shares of the company’s stock after buying an additional 15,663 shares during the period. Quantinno Capital Management LP’s holdings in Freedom were worth $4,085,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp boosted its stake in Freedom by 2.3% in the fourth quarter. State Street Corp now owns 213,325 shares of the company’s stock valued at $25,957,000 after acquiring an additional 4,871 shares during the period. First Trust Advisors LP lifted its holdings in shares of Freedom by 11.5% in the 4th quarter. First Trust Advisors LP now owns 204,723 shares of the company’s stock worth $24,911,000 after purchasing an additional 21,191 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Freedom by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 167,720 shares of the company’s stock worth $20,405,000 after purchasing an additional 950 shares during the last quarter. Millennium Management LLC boosted its position in Freedom by 648.1% during the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock valued at $16,117,000 after purchasing an additional 105,641 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Freedom by 214.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company’s stock valued at $9,915,000 after purchasing an additional 51,159 shares during the period. Institutional investors own 1.26% of the company’s stock.

Insider Buying and Selling at Freedom

In other news, Director Andrew Gamble sold 357 shares of Freedom stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $141.04, for a total transaction of $50,351.28. Following the transaction, the director directly owned 677 shares in the company, valued at approximately $95,484.08. This trade represents a 34.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Renat Tukanov sold 1,800 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $140.82, for a total value of $253,476.00. Following the completion of the sale, the chief technology officer owned 10,200 shares of the company’s stock, valued at approximately $1,436,364. This trade represents a 15.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,957 shares of company stock valued at $2,915,891. 69.80% of the stock is owned by corporate insiders.

Freedom Trading Up 1.0%

Shares of NASDAQ:FRHC opened at $148.98 on Friday. The company has a 50 day moving average of $148.95 and a 200-day moving average of $140.94. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. The firm has a market cap of $9.13 billion, a P/E ratio of 59.35 and a beta of 0.67. Freedom Holding Corp. has a twelve month low of $107.97 and a twelve month high of $187.48.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.74). Freedom had a net margin of 7.00% and a return on equity of 11.50%. The company had revenue of $486.15 million for the quarter, compared to analyst estimates of $124.14 million.

Analyst Ratings Changes

Several brokerages have weighed in on FRHC. HC Wainwright reaffirmed a “buy” rating on shares of Freedom in a research report on Monday, July 20th. Weiss Ratings raised shares of Freedom from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. KeyCorp reaffirmed a “market perform” rating on shares of Freedom in a report on Friday, June 5th. Finally, Wedbush set a $180.00 price objective on shares of Freedom in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $159.00.

Freedom Company Profile

Freedom Holding Corp (NASDAQ: FRHC) is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.

The firm’s product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.