Public Employees Retirement System of Ohio Acquires Shares of 5,477 Freedom Holding Corp. $FRHC

Key Points

• The Public Employees Retirement System of Ohio purchased 5,477 shares of Freedom Holding Corp. for approximately $800,000, indicating institutional interest in the company.
• Freedom Holding Corp. reported a net margin of 3.78% and a return on equity of 6.49%, highlighting profitability in their latest earnings results.
• A majority of analysts have given Freedom a rating of "Hold," suggesting a cautious outlook on the stock's future performance.

Public Employees Retirement System of Ohio bought a new position in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,477 shares of the company's stock, valued at approximately $800,000.

A number of other large investors have also added to or reduced their stakes in FRHC. Millennium Management LLC grew its stake in Freedom by 648.1% in the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company's stock valued at $16,117,000 after buying an additional 105,641 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Freedom by 214.4% during the first quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company's stock worth $9,915,000 after buying an additional 51,159 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Freedom in the first quarter valued at about $2,480,000. Illinois Municipal Retirement Fund acquired a new position in shares of Freedom in the first quarter valued at about $726,000. Finally, Hsbc Holdings PLC increased its position in Freedom by 16.7% during the first quarter. Hsbc Holdings PLC now owns 28,391 shares of the company's stock worth $3,653,000 after acquiring an additional 4,054 shares during the period. Institutional investors own 1.26% of the company's stock.

Freedom Stock Performance

NASDAQ FRHC opened at $170.81 on Monday. The firm's 50 day simple moving average is $173.22 and its 200 day simple moving average is $156.72. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 129.40 and a beta of 1.07. 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 Holding Corp. has a 1 year low of $96.00 and a 1 year high of $194.01.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Freedom in a report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold".

Freedom Company 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.

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