Freedom Holding Corp. (NASDAQ:FRHC) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lessened its position in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,189 shares of the company’s stock after selling 97 shares during the quarter. Arizona State Retirement System’s holdings in Freedom were worth $686,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in Freedom during the fourth quarter worth about $10,589,000. D. E. Shaw & Co. Inc. raised its stake in Freedom by 1,127.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company’s stock worth $8,412,000 after purchasing an additional 59,124 shares during the period. JPMorgan Chase & Co. raised its stake in Freedom by 286.0% during the fourth quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company’s stock worth $4,471,000 after purchasing an additional 25,350 shares during the period. Millennium Management LLC purchased a new position in shares of Freedom in the 4th quarter valued at $2,130,000. Finally, BNP Paribas Financial Markets purchased a new stake in Freedom during the 4th quarter worth $1,534,000. Hedge funds and other institutional investors own 1.26% of the company’s stock.

Freedom Trading Down 1.1%

NASDAQ FRHC opened at $176.84 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50-day simple moving average of $155.29 and a 200-day simple moving average of $144.11. The firm has a market capitalization of $10.36 billion, a PE ratio of 127.22 and a beta of 1.10. Freedom Holding Corp. has a one year low of $75.11 and a one year high of $185.00.

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

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.