2,658 Shares in Freedom Holding Corp. (NASDAQ:FRHC) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in Freedom Holding Corp. (NASDAQ:FRHC) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,658 shares of the company’s stock, valued at approximately $351,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Freedom in the fourth quarter worth $30,000. GAMMA Investing LLC increased its stake in Freedom by 13,133.3% during the first quarter. GAMMA Investing LLC now owns 397 shares of the company’s stock valued at $52,000 after purchasing an additional 394 shares during the last quarter. KBC Group NV bought a new stake in Freedom during the first quarter valued at $138,000. Tower Research Capital LLC TRC increased its stake in 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 purchasing an additional 232 shares during the last quarter. Finally, Aquatic Capital Management LLC increased its stake in Freedom by 555.5% during the fourth quarter. Aquatic Capital Management LLC now owns 1,311 shares of the company’s stock valued at $171,000 after purchasing an additional 1,111 shares during the last quarter. Institutional investors own 1.26% of the company’s stock.

Freedom Stock Up 4.3%

FRHC stock opened at $178.85 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Freedom Holding Corp. has a 1-year low of $75.11 and a 1-year high of $185.00. The firm has a fifty day moving average price of $155.29 and a two-hundred day moving average price of $143.95. The firm has a market cap of $10.48 billion, a price-to-earnings ratio of 128.67 and a beta of 1.10.

Freedom (NASDAQ:FRHC) last announced its quarterly earnings results on Friday, June 13th. The company reported ($2.36) earnings per share (EPS) for the quarter. The firm had revenue of $363.72 million for the quarter. Freedom had a net margin of 4.13% and a return on equity of 6.92%.

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.