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 lowered its position in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 11.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,339 shares of the company's stock after selling 4,624 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of Freedom worth $3,349,000 at the end of the most recent reporting period.

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

Insider Transactions at Freedom

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

Freedom Stock Up 2.1 %

FRHC traded up $2.67 during trading on Friday, reaching $132.15. 31,004 shares of the stock were exchanged, compared to its average volume of 74,275. The stock has a market cap of $8.01 billion, a P/E ratio of 23.31 and a beta of 1.02. 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's 50 day moving average price is $112.98 and its two-hundred day moving average price is $94.86. Freedom Holding Corp. has a twelve month low of $64.00 and a twelve month high of $133.92.

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.