Odyssean LLC Acquires Shares of 21,511 Freedom Holding Corp. $FRHC

Odyssean LLC purchased a new stake in Freedom Holding Corp. (NASDAQ:FRHC) during the second quarter, Holdings Channel reports. The firm purchased 21,511 shares of the company’s stock, valued at approximately $2,807,000.

Several other hedge funds also recently modified their holdings of FRHC. Xponance LLC grew its position in Freedom by 4.1% during the 4th quarter. Xponance LLC now owns 2,498 shares of the company’s stock worth $304,000 after acquiring an additional 98 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in Freedom by 1.2% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 8,110 shares of the company’s stock worth $987,000 after purchasing an additional 98 shares during the period. SG Americas Securities LLC grew its position in shares of Freedom by 10.3% during the 1st quarter. SG Americas Securities LLC now owns 1,274 shares of the company’s stock worth $185,000 after buying an additional 119 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Freedom by 290.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its holdings in Freedom by 18.2% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,406 shares of the company’s stock valued at $171,000 after purchasing an additional 216 shares during the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

Freedom Trading Up 8.6%

Shares of NASDAQ:FRHC opened at $171.02 on Wednesday. Freedom Holding Corp. has a 52-week low of $107.97 and a 52-week high of $181.88. The company has a market capitalization of $10.91 billion, a P/E ratio of 67.60 and a beta of 0.67. The company has a 50-day simple moving average of $151.51 and a 200 day simple moving average of $143.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 1.16.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.35). The business had revenue of $554.96 million for the quarter, compared to the consensus estimate of $124.14 million. Freedom had a return on equity of 10.96% and a net margin of 6.47%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. KeyCorp reaffirmed a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. Wedbush set a $180.00 target price on Freedom in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Freedom from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, HC Wainwright reiterated a “buy” rating on shares of Freedom in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $159.00.

Insider Buying and Selling at Freedom

In other news, Director Andrew Gamble sold 357 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $141.04, for a total transaction of $50,351.28. Following the completion of the sale, the director owned 677 shares in the company, valued at approximately $95,484.08. This trade represents a 34.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Azamat Yerdessov sold 16,800 shares of Freedom stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $155.48, for a total transaction of $2,612,064.00. Following the sale, the insider directly owned 227,442 shares of the company’s stock, valued at $35,362,682.16. The trade was a 6.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,957 shares of company stock valued at $2,915,891 in the last quarter. 69.80% of the stock is currently owned by insiders.

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.