Public Employees Retirement Association of Colorado Sells 647 Shares of Freedom Holding Corp. (NASDAQ:FRHC)

Public Employees Retirement Association of Colorado reduced its holdings in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 16.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,357 shares of the company’s stock after selling 647 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Freedom were worth $253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sparta 24 Ltd. acquired a new position in Freedom during the 2nd quarter valued at about $1,996,000. Hsbc Holdings PLC lifted its position in shares of Freedom by 21.9% during the fourth quarter. Hsbc Holdings PLC now owns 48,357 shares of the company’s stock valued at $3,945,000 after purchasing an additional 8,674 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Freedom during the first quarter worth about $426,000. Quest Partners LLC grew its position in Freedom by 901.9% in the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock worth $406,000 after purchasing an additional 4,852 shares in the last quarter. Finally, EntryPoint Capital LLC increased its stake in Freedom by 110.7% in the 1st quarter. EntryPoint Capital LLC now owns 986 shares of the company’s stock valued at $70,000 after buying an additional 518 shares during the last quarter. 1.26% of the stock is owned by institutional investors.

Freedom Price Performance

Freedom stock opened at $93.62 on Friday. The stock has a market cap of $5.68 billion, a P/E ratio of 14.84 and a beta of 1.04. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average price is $89.22 and its two-hundred day moving average price is $78.99. Freedom Holding Corp. has a 52 week low of $64.00 and a 52 week high of $98.00.

Freedom (NASDAQ:FRHC) last released its earnings results on Friday, August 9th. The company reported $0.57 EPS for the quarter. The company had revenue of $450.72 million for the quarter. Freedom had a return on equity of 32.00% and a net margin of 19.32%.

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.