Hsbc Holdings PLC Has $3.65 Million Stake in Freedom Holding Corp. $FRHC

Key Points

• Hsbc Holdings PLC increased its stake in Freedom Holding Corp. by 16.7%, now owning 28,391 shares valued at approximately $3.65 million.
• Freedom Holding Corp. reported $0.50 earnings per share for the last quarter, with revenues of $533.42 million and a net margin of 3.78%.
• The company's stock is currently trading at $174.49, with a market capitalization of $10.68 billion and a 12-month high of $194.01.

Hsbc Holdings PLC grew its holdings in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 16.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,391 shares of the company's stock after buying an additional 4,054 shares during the period. Hsbc Holdings PLC's holdings in Freedom were worth $3,653,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FRHC. D. E. Shaw & Co. Inc. lifted its position in shares of Freedom by 1,127.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company's stock valued at $8,412,000 after buying an additional 59,124 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Freedom in the fourth quarter valued at approximately $2,130,000. BNP Paribas Financial Markets acquired a new stake in shares of Freedom in the fourth quarter valued at approximately $1,534,000. PDT Partners LLC acquired a new stake in shares of Freedom in the fourth quarter valued at approximately $1,478,000. Finally, California State Teachers Retirement System lifted its position in shares of Freedom by 153.6% in the fourth quarter. California State Teachers Retirement System now owns 16,512 shares of the company's stock valued at $2,158,000 after buying an additional 10,000 shares during the last quarter. 1.26% of the stock is owned by institutional investors and hedge funds.

Freedom Stock Performance

Shares of FRHC traded down $4.48 during mid-day trading on Monday, reaching $170.92. The company's stock had a trading volume of 91,081 shares, compared to its average volume of 110,630. Freedom Holding Corp. has a 1-year low of $88.11 and a 1-year high of $194.01. The stock has a market cap of $10.19 billion, a P/E ratio of 129.48 and a beta of 1.07. The business has a 50-day simple moving average of $165.87 and a two-hundred day simple moving average of $151.96. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.03.

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