New York State Common Retirement Fund Acquires Shares of 7,500 Freedom Holding Corp. $FRHC

New York State Common Retirement Fund bought a new position in shares of Freedom Holding Corp. (NASDAQ:FRHC) during the 2nd quarter, HoldingsChannel reports. The fund bought 7,500 shares of the company’s stock, valued at approximately $1,095,000.

A number of other hedge funds also recently modified their holdings of FRHC. Twin Tree Management LP acquired a new position in Freedom in the first quarter valued at about $29,000. Signaturefd LLC increased its holdings in Freedom by 23.8% in the 2nd quarter. Signaturefd LLC now owns 406 shares of the company’s stock valued at $59,000 after buying an additional 78 shares during the period. Amalgamated Bank acquired a new position in shares of Freedom in the 2nd quarter valued at approximately $211,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Freedom during the 2nd quarter worth approximately $215,000. Finally, Virtu Financial LLC bought a new stake in shares of Freedom during the 1st quarter worth approximately $219,000. Institutional investors own 1.26% of the company’s stock.

Freedom Price Performance

Shares of NASDAQ:FRHC opened at $134.07 on Thursday. Freedom Holding Corp. has a one year low of $111.85 and a one year high of $194.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 2,234.50 and a beta of 0.91. The firm has a 50 day simple moving average of $148.06 and a 200 day simple moving average of $158.17.

Freedom (NASDAQ:FRHC) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.63 earnings per share (EPS) for the quarter. Freedom had a net margin of 0.23% and a return on equity of 0.38%. The company had revenue of $526.11 million during the quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FRHC. Loop Capital set a $100.00 price objective on shares of Freedom in a research note on Thursday, December 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Freedom in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Freedom presently has a consensus rating of “Sell” and a consensus target price of $100.00.

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.