Quantinno Capital Management LP boosted its holdings in Freedom Holding Corp. (NASDAQ:FRHC – Free Report) by 125.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 28,196 shares of the company’s stock after buying an additional 15,663 shares during the quarter. Quantinno Capital Management LP’s holdings in Freedom were worth $4,085,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of FRHC. First Trust Advisors LP acquired a new stake in shares of Freedom during the 3rd quarter valued at $31,591,000. Millennium Management LLC grew its holdings in shares of Freedom by 648.1% in the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock worth $16,117,000 after acquiring an additional 105,641 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Freedom by 214.4% during the first quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company’s stock worth $9,915,000 after purchasing an additional 51,159 shares during the period. AQR Capital Management LLC raised its position in shares of Freedom by 170.6% during the fourth quarter. AQR Capital Management LLC now owns 71,883 shares of the company’s stock worth $8,747,000 after purchasing an additional 45,321 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Freedom by 71.8% during the second quarter. Bank of America Corp DE now owns 48,513 shares of the company’s stock valued at $7,085,000 after purchasing an additional 20,275 shares during the last quarter. Institutional investors own 1.26% of the company’s stock.
Insider Buying and Selling
In related news, CTO Renat Tukanov sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $140.82, for a total transaction of $253,476.00. Following the completion of the sale, the chief technology officer directly owned 10,200 shares in the company, valued at approximately $1,436,364. This trade represents a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Azamat Yerdessov sold 16,800 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.48, for a total transaction of $2,612,064.00. Following the transaction, the insider directly owned 227,442 shares in the company, valued at $35,362,682.16. The trade was a 6.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 18,957 shares of company stock worth $2,915,891. 69.80% of the stock is owned by company insiders.
Freedom Stock Up 1.0%
Freedom (NASDAQ:FRHC – Get Free Report) last announced 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 return on equity of 11.50% and a net margin of 7.00%.The business had revenue of $486.15 million for the quarter, compared to analyst estimates of $124.14 million.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on FRHC shares. Wedbush set a $180.00 price target on Freedom in a research report on Thursday. KeyCorp reaffirmed a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. Weiss Ratings upgraded shares of Freedom from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Finally, HC Wainwright reissued a “buy” rating on shares of Freedom in a research report on Monday, July 20th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $159.00.
Get Our Latest Analysis on Freedom
Freedom 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.
Featured Articles
- Five stocks we like better than Freedom
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Want to see what other hedge funds are holding FRHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Freedom Holding Corp. (NASDAQ:FRHC – Free Report).
Receive News & Ratings for Freedom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freedom and related companies with MarketBeat.com's FREE daily email newsletter.
