Northern Trust Corp trimmed its position in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 36.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,338 shares of the company's stock after selling 12,229 shares during the period. Northern Trust Corp's holdings in Freedom were worth $2,789,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Marshall Wace LLP purchased a new stake in shares of Freedom in the 4th quarter worth $10,589,000. JPMorgan Chase & Co. increased its position in Freedom by 286.0% in the fourth quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company's stock worth $4,471,000 after buying an additional 25,350 shares in the last quarter. Barclays PLC raised its stake in shares of Freedom by 219.1% in the fourth quarter. Barclays PLC now owns 13,224 shares of the company's stock worth $1,728,000 after buying an additional 9,080 shares during the period. Quantbot Technologies LP raised its stake in shares of Freedom by 828.2% in the fourth quarter. Quantbot Technologies LP now owns 6,228 shares of the company's stock worth $814,000 after buying an additional 5,557 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Freedom during the 4th quarter valued at about $497,000. 1.26% of the stock is owned by hedge funds and other institutional investors.
Freedom Stock Performance
Freedom stock traded down $12.39 during midday trading on Tuesday, hitting $156.61. The stock had a trading volume of 285,902 shares, compared to its average volume of 88,327. Freedom Holding Corp. has a 52-week low of $71.88 and a 52-week high of $185.00. The company has a market capitalization of $9.18 billion, a PE ratio of 29.38 and a beta of 1.14. The firm's fifty day moving average is $143.13 and its two-hundred day moving average is $136.94. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.40.
Freedom Profile
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Free Report)
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.
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