Illinois Municipal Retirement Fund Acquires New Holdings in Freedom Holding Corp. (NASDAQ:FRHC)

Illinois Municipal Retirement Fund acquired a new position in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,493 shares of the company's stock, valued at approximately $726,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP purchased a new position in Freedom in the fourth quarter worth about $10,589,000. D. E. Shaw & Co. Inc. lifted its stake in shares of Freedom by 1,127.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company's stock valued at $8,412,000 after purchasing an additional 59,124 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Freedom by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 54,034 shares of the company's stock worth $7,062,000 after purchasing an additional 696 shares during the period. Swiss National Bank increased its position in shares of Freedom by 1.4% during the 4th quarter. Swiss National Bank now owns 35,900 shares of the company's stock valued at $4,692,000 after purchasing an additional 500 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Freedom by 286.0% during the 4th quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company's stock valued at $4,471,000 after buying an additional 25,350 shares during the period. 1.26% of the stock is currently owned by institutional investors.

Freedom Trading Up 4.3%

NASDAQ FRHC traded up $5.98 on Thursday, hitting $145.51. 329,331 shares of the stock were exchanged, compared to its average volume of 101,322. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Freedom Holding Corp. has a 52-week low of $74.17 and a 52-week high of $185.00. The firm has a market capitalization of $8.53 billion, a P/E ratio of 104.68 and a beta of 1.10. The stock has a fifty day moving average price of $154.13 and a two-hundred day moving average price of $142.11.

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

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.