Freedom Holding Corp. $FRHC Shares Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has increased its stake in Freedom Holding Corp. by 43.1%, now owning 8,911 shares valued at approximately $1.18 million.
• Other institutional investors, including the California State Teachers Retirement System, have also significantly increased their holdings, highlighting growing interest in Freedom Holding Corp.
• Freedom Holding Corp. reported a quarterly EPS of $0.50 and revenue of $533.42 million, reflecting a net margin of 3.78%.

Quantbot Technologies LP boosted its holdings in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 43.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,911 shares of the company's stock after acquiring an additional 2,683 shares during the period. Quantbot Technologies LP's holdings in Freedom were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake in 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 acquiring an additional 232 shares during the last quarter. IFP Advisors Inc acquired a new stake in Freedom in the 1st quarter valued at about $37,000. GAMMA Investing LLC grew its stake in 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 acquiring an additional 394 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Freedom by 34.6% during the 4th quarter. Deutsche Bank AG now owns 1,986 shares of the company's stock worth $260,000 after purchasing an additional 510 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Freedom by 3.6% during the 4th quarter. Hsbc Holdings PLC now owns 24,337 shares of the company's stock worth $3,185,000 after purchasing an additional 837 shares during the last quarter. 1.26% of the stock is owned by institutional investors and hedge funds.

Freedom Trading Up 1.0%

Shares of Freedom stock traded up $1.75 during mid-day trading on Thursday, hitting $175.70. 68,516 shares of the stock were exchanged, compared to its average volume of 121,309. Freedom Holding Corp. has a twelve month low of $88.11 and a twelve month high of $194.01. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of 133.02 and a beta of 1.14. The company has a 50-day simple moving average of $163.93 and a 200 day simple moving average of $151.69. 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 released its quarterly earnings results on Friday, August 8th. The company reported $0.50 earnings per share (EPS) for the quarter. Freedom had a net margin of 3.78% and a return on equity of 6.49%. The company had revenue of $533.42 million for the quarter.

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.