Freedom Holding Corp. (NASDAQ:FRHC) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 828.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,228 shares of the company's stock after buying an additional 5,557 shares during the quarter. Quantbot Technologies LP's holdings in Freedom were worth $814,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FRHC. Geode Capital Management LLC grew its holdings in Freedom by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 53,338 shares of the company's stock valued at $5,054,000 after buying an additional 811 shares in the last quarter. State Street Corp grew its position in Freedom by 19.0% in the 3rd quarter. State Street Corp now owns 45,155 shares of the company's stock valued at $4,279,000 after acquiring an additional 7,207 shares in the last quarter. Swiss National Bank boosted its position in Freedom by 1.4% in the 4th quarter. Swiss National Bank now owns 35,900 shares of the company's stock valued at $4,692,000 after buying an additional 500 shares during the period. JPMorgan Chase & Co. increased its holdings in Freedom by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company's stock worth $840,000 after purchasing an additional 124 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in Freedom by 18.9% in the fourth quarter. Handelsbanken Fonder AB now owns 4,400 shares of the company's stock valued at $575,000 after acquiring an additional 700 shares in the last quarter. 1.26% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, CFO Evgeny Ler sold 15,114 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 38,794 shares of the company's stock, valued at $6,105,011.78. This trade represents a 28.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Wotczak sold 11,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $156.88, for a total transaction of $1,725,680.00. Following the sale, the chief executive officer now directly owns 59,000 shares in the company, valued at $9,255,920. This represents a 15.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,973 shares of company stock worth $4,883,489. 70.40% of the stock is owned by company insiders.

Freedom Stock Down 4.7 %

FRHC stock traded down $6.42 during trading on Friday, hitting $131.63. 62,042 shares of the company's stock were exchanged, compared to its average volume of 81,356. The business has a 50-day moving average price of $141.91 and a two-hundred day moving average price of $124.27. Freedom Holding Corp. has a 52-week low of $64.00 and a 52-week high of $164.82. 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 stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 24.70 and a beta of 1.07.

Freedom (NASDAQ:FRHC - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $1.29 earnings per share for the quarter. Freedom had a net margin of 14.99% and a return on equity of 26.63%.

Freedom Company 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.