Teacher Retirement System of Texas Invests $351,000 in Freedom Holding Corp. (NASDAQ:FRHC)

Teacher Retirement System of Texas acquired a new position in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,658 shares of the company's stock, valued at approximately $351,000.

A number of other hedge funds also recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in Freedom during the fourth quarter worth approximately $30,000. GAMMA Investing LLC increased its position in shares of Freedom by 13,133.3% in the 1st 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 purchased a new stake in shares of Freedom in the 1st quarter valued at approximately $138,000. Tower Research Capital LLC TRC boosted its holdings in shares of Freedom by 27.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,065 shares of the company's stock valued at $139,000 after buying an additional 232 shares in the last quarter. Finally, Aquatic Capital Management LLC boosted its holdings in shares of Freedom by 555.5% in the 4th quarter. Aquatic Capital Management LLC now owns 1,311 shares of the company's stock valued at $171,000 after buying an additional 1,111 shares in the last quarter. Hedge funds and other institutional investors own 1.26% of the company's stock.

Freedom Stock Performance

Shares of NASDAQ FRHC traded down $10.57 during mid-day trading on Tuesday, hitting $166.27. 201,016 shares of the company were exchanged, compared to its average volume of 105,840. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $155.29 and a 200-day simple moving average of $144.11. Freedom Holding Corp. has a 1-year low of $75.11 and a 1-year high of $185.00. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 119.62 and a beta of 1.10.

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

Freedom 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.