UBS Group AG Increases Stake in Freedom Holding Corp. $FRHC

UBS Group AG grew its position in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 139.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,810 shares of the company’s stock after buying an additional 16,210 shares during the quarter. UBS Group AG’s holdings in Freedom were worth $3,384,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of FRHC. First Trust Advisors LP purchased a new position in Freedom during the 3rd quarter worth $31,591,000. Millennium Management LLC raised its position in Freedom by 648.1% during the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock worth $16,117,000 after buying an additional 105,641 shares during the last quarter. Goldman Sachs Group Inc. raised 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 worth $9,915,000 after buying an additional 51,159 shares during the last quarter. JPMorgan Chase & Co. raised its position in Freedom by 188.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,068 shares of the company’s stock worth $13,094,000 after buying an additional 49,712 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Freedom by 71.8% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 1.26% of the company’s stock.

Freedom Stock Performance

NASDAQ:FRHC opened at $144.15 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $146.41 and a two-hundred day moving average price of $135.16. Freedom Holding Corp. has a twelve month low of $107.97 and a twelve month high of $194.01. The company has a market capitalization of $8.82 billion, a P/E ratio of 7,207.50 and a beta of 0.72.

Analyst Ratings Changes

FRHC has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Freedom from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Loop Capital set a $138.00 price target on shares of Freedom in a report on Thursday, February 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Freedom currently has an average rating of “Sell” and an average target price of $138.00.

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.