Millennium Management LLC Makes New $2.13 Million Investment in Freedom Holding Corp. (NASDAQ:FRHC)

Millennium Management LLC acquired a new stake in Freedom Holding Corp. (NASDAQ:FRHC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,301 shares of the company’s stock, valued at approximately $2,130,000.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in Freedom during the fourth quarter worth approximately $30,000. Tower Research Capital LLC TRC increased its position in Freedom by 27.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,065 shares of the company’s stock worth $139,000 after purchasing an additional 232 shares during the last quarter. Aquatic Capital Management LLC increased its position in Freedom by 555.5% during the fourth quarter. Aquatic Capital Management LLC now owns 1,311 shares of the company’s stock worth $171,000 after purchasing an additional 1,111 shares during the last quarter. Walleye Capital LLC purchased a new stake in Freedom during the fourth quarter worth approximately $221,000. Finally, Deutsche Bank AG grew its stake in Freedom by 34.6% during the fourth quarter. Deutsche Bank AG now owns 1,986 shares of the company’s stock worth $260,000 after buying an additional 510 shares during the period. Institutional investors and hedge funds own 1.26% of the company’s stock.

Freedom Price Performance

FRHC opened at $164.20 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.40. Freedom Holding Corp. has a 52-week low of $71.88 and a 52-week high of $185.00. The company has a 50 day moving average of $145.18 and a two-hundred day moving average of $138.27. The company has a market cap of $9.62 billion, a P/E ratio of 30.81 and a beta of 1.14.

Freedom Company Profile

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.