Swiss National Bank Decreases Stake in Freedom Holding Corp. $FRHC

Swiss National Bank lessened its holdings in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,200 shares of the company’s stock after selling 700 shares during the quarter. Swiss National Bank owned approximately 0.06% of Freedom worth $4,652,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc purchased a new position in Freedom during the first quarter worth approximately $37,000. Bank of New York Mellon Corp raised its stake in Freedom by 33.3% during the first quarter. Bank of New York Mellon Corp now owns 7,188 shares of the company’s stock worth $950,000 after purchasing an additional 1,797 shares during the period. Teacher Retirement System of Texas acquired a new position in Freedom in the 1st quarter valued at about $351,000. Cannon Global Investment Management LLC purchased a new stake in shares of Freedom in the 1st quarter valued at approximately $529,000. Finally, KBC Group NV purchased a new stake in shares of Freedom in the 1st quarter valued at approximately $138,000. 1.26% of the stock is currently owned by institutional investors and hedge funds.

Freedom Stock Down 2.1%

Shares of NASDAQ FRHC opened at $169.23 on Wednesday. Freedom Holding Corp. has a 1 year low of $85.00 and a 1 year high of $194.01. The company has a market capitalization of $10.36 billion, a P/E ratio of 128.20 and a beta of 1.14. The company has a 50 day simple moving average of $160.84 and a 200-day simple moving average of $150.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.18 and a quick ratio of 1.18.

Freedom (NASDAQ:FRHC) last posted its earnings results on Friday, August 8th. The company reported $0.50 earnings per share (EPS) for the quarter. The company had revenue of $533.42 million during the quarter. Freedom had a return on equity of 6.49% and a net margin of 3.78%.

About Freedom

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.