Swiss National Bank Lowers Holdings in Freedom Holding Corp. (NASDAQ:FRHC)

Swiss National Bank trimmed its position in Freedom Holding Corp. (NASDAQ:FRHC) by 10.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,500 shares of the company’s stock after selling 4,600 shares during the quarter. Swiss National Bank owned about 0.06% of Freedom worth $2,767,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Freedom by 1.7% in the third quarter. BlackRock Inc. now owns 93,629 shares of the company’s stock worth $4,597,000 after purchasing an additional 1,579 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Freedom by 30.9% in the first quarter. Vanguard Group Inc. now owns 67,728 shares of the company’s stock worth $4,037,000 after purchasing an additional 15,977 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Freedom by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 54,617 shares of the company’s stock worth $3,179,000 after purchasing an additional 4,982 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Freedom by 197.8% in the third quarter. Citadel Advisors LLC now owns 32,990 shares of the company’s stock worth $1,620,000 after purchasing an additional 21,911 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Freedom by 5.2% in the second quarter. State Street Corp now owns 29,764 shares of the company’s stock worth $1,320,000 after purchasing an additional 1,459 shares during the last quarter. 1.35% of the stock is owned by institutional investors.

Freedom Stock Up 2.3 %

Shares of NASDAQ FRHC opened at $100.57 on Tuesday. The business’s 50 day moving average is $83.37 and its two-hundred day moving average is $78.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.28 and a quick ratio of 1.28. Freedom Holding Corp. has a 1-year low of $47.64 and a 1-year high of $102.40.

Freedom Company Profile

Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting 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; 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.