UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,624 Shares of Freedom Holding Corp. (NASDAQ:FRHC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 11.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,339 shares of the company’s stock after selling 4,624 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Freedom were worth $3,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FRHC. Victory Capital Management Inc. acquired a new position in shares of Freedom during the third quarter worth approximately $213,000. Handelsbanken Fonder AB increased its position in Freedom by 15.6% during the third quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock worth $351,000 after acquiring an additional 500 shares during the period. Quest Partners LLC raised its stake in Freedom by 901.9% during the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock valued at $406,000 after purchasing an additional 4,852 shares during the last quarter. Algert Global LLC boosted its holdings in Freedom by 44.0% in the 2nd quarter. Algert Global LLC now owns 5,905 shares of the company’s stock valued at $445,000 after purchasing an additional 1,805 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Freedom in the 2nd quarter worth $618,000. Institutional investors and hedge funds own 1.26% of the company’s stock.

Insider Activity

In related news, insider Kairat Bakibayevich Akhmetov sold 600 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $119.80, for a total transaction of $71,880.00. Following the transaction, the insider now owns 139,400 shares in the company, valued at $16,700,120. This represents a 0.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Azamat Yerdessov sold 7,521 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $116.52, for a total transaction of $876,346.92. Following the completion of the sale, the insider now directly owns 90,817 shares of the company’s stock, valued at approximately $10,581,996.84. This represents a 7.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,271 shares of company stock worth $1,922,417. Company insiders own 70.40% of the company’s stock.

Freedom Stock Up 2.1 %

NASDAQ FRHC opened at $132.15 on Friday. Freedom Holding Corp. has a twelve month low of $64.00 and a twelve month high of $133.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $8.01 billion, a PE ratio of 23.31 and a beta of 1.02. The firm has a 50-day simple moving average of $112.98 and a 200 day simple moving average of $94.74.

Freedom Profile

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.