Balyasny Asset Management L.P. Sells 13,214 Shares of Freedom Holding Corp. (NASDAQ:FRHC)

Balyasny Asset Management L.P. decreased its stake in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 53.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,647 shares of the company's stock after selling 13,214 shares during the period. Balyasny Asset Management L.P.'s holdings in Freedom were worth $1,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of Freedom by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company's stock valued at $840,000 after acquiring an additional 124 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Freedom by 27.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,065 shares of the company's stock valued at $139,000 after acquiring an additional 232 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Freedom during the fourth quarter valued at $30,000. Swiss National Bank raised its stake in shares of Freedom by 1.4% during the fourth quarter. Swiss National Bank now owns 35,900 shares of the company's stock valued at $4,692,000 after acquiring an additional 500 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Freedom by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 54,034 shares of the company's stock valued at $7,062,000 after acquiring an additional 696 shares during the last quarter. Institutional investors own 1.26% of the company's stock.

Freedom Trading Up 3.4%

Shares of FRHC stock traded up $5.75 during trading hours on Friday, hitting $176.00. 114,706 shares of the company's stock traded hands, compared to its average volume of 85,496. The stock's 50 day simple moving average is $137.63 and its 200 day simple moving average is $133.80. The stock has a market cap of $10.32 billion, a PE ratio of 33.02 and a beta of 1.14. Freedom Holding Corp. has a 12 month low of $70.97 and a 12 month high of $181.14. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.40.

Insider Transactions at Freedom

In other news, insider Sergey Lukyanov sold 1,958 shares of Freedom stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $160.53, for a total transaction of $314,317.74. Following the completion of the transaction, the insider now directly owns 122,842 shares in the company, valued at $19,719,826.26. This trade represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Evgeny Ler sold 15,114 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $157.37, for a total transaction of $2,378,490.18. Following the transaction, the chief financial officer now directly owns 38,794 shares in the company, valued at $6,105,011.78. The trade was a 28.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,072 shares of company stock worth $4,418,488 over the last three months. 70.40% of the stock is owned by company insiders.

About Freedom

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer's account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services.