Voya Investment Management LLC Sells 4,973 Shares of Freedom Holding Corp. $FRHC

Voya Investment Management LLC lowered its holdings in Freedom Holding Corp. (NASDAQ:FRHC) by 73.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,843 shares of the company’s stock after selling 4,973 shares during the quarter. Voya Investment Management LLC’s holdings in Freedom were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC increased its holdings in Freedom by 23.8% in the 2nd quarter. Signaturefd LLC now owns 406 shares of the company’s stock worth $59,000 after buying an additional 78 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of Freedom during the 2nd quarter valued at about $211,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Freedom in the second quarter worth approximately $215,000. Vident Advisory LLC purchased a new position in shares of Freedom during the first quarter valued at approximately $248,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Freedom during the first quarter valued at approximately $261,000. 1.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FRHC shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Freedom in a research report on Monday, December 29th. Wall Street Zen downgraded Freedom from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Finally, Loop Capital set a $155.00 price objective on Freedom in a research report on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell” and a consensus price target of $155.00.

Freedom Trading Up 2.1%

Shares of FRHC stock opened at $124.23 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 2,070.50 and a beta of 0.84. Freedom Holding Corp. has a 1 year low of $111.85 and a 1 year high of $194.01. The firm has a fifty day moving average price of $136.42 and a 200-day moving average price of $155.27.

Freedom (NASDAQ:FRHC) last released its earnings results on Friday, November 7th. The company reported $0.63 earnings per share for the quarter. The company had revenue of $526.11 million for the quarter. Freedom had a return on equity of 0.38% and a net margin of 0.23%.

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.