UBS Group AG Raises Stock Position in Freedom Holding Corp. $FRHC

UBS Group AG lifted its stake in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 139.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Advyzon Investment Management LLC purchased a new stake in shares of Freedom during the 3rd quarter worth approximately $207,000. Creative Planning purchased a new stake in shares of Freedom during the 3rd quarter worth approximately $224,000. Vestcor Inc purchased a new stake in shares of Freedom during the 3rd quarter worth approximately $258,000. Acadian Asset Management LLC purchased a new stake in shares of Freedom during the 1st quarter worth approximately $261,000. Finally, Amalgamated Bank lifted its position in shares of Freedom by 5.6% during the 3rd quarter. Amalgamated Bank now owns 1,523 shares of the company’s stock worth $262,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 1.26% of the company’s stock.

Analyst Ratings Changes

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

Freedom Price Performance

Shares of NASDAQ:FRHC opened at $144.15 on Monday. The stock has a market cap of $8.82 billion, a P/E ratio of 7,207.50 and a beta of 0.72. The firm has a fifty day moving average price of $146.41 and a 200 day moving average price of $135.16. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.15 and a quick ratio of 1.15. Freedom Holding Corp. has a 1-year low of $107.97 and a 1-year high of $194.01.

About Freedom

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.