Quantbot Technologies LP Grows Holdings in Freedom Holding Corp. $FRHC

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

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. grew its position in Freedom by 1,127.2% during 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 period. Bank of America Corp DE lifted its holdings in Freedom by 27.5% during the fourth quarter. Bank of America Corp DE now owns 25,057 shares of the company's stock valued at $3,275,000 after purchasing an additional 5,399 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Freedom by 3.6% in the fourth quarter. Hsbc Holdings PLC now owns 24,337 shares of the company's stock worth $3,185,000 after buying an additional 837 shares in the last quarter. California State Teachers Retirement System lifted its stake 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 worth $2,158,000 after buying an additional 10,000 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Freedom in the fourth quarter worth about $2,130,000. Institutional investors and hedge funds own 1.26% of the company's stock.

Freedom Price Performance

Shares of NASDAQ:FRHC traded down $4.48 during midday trading on Friday, hitting $170.92. The company's stock had a trading volume of 91,081 shares, compared to its average volume of 113,821. The business's 50 day simple moving average is $165.28 and its 200 day simple moving average is $151.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $10.19 billion, a P/E ratio of 129.48 and a beta of 1.14. Freedom Holding Corp. has a 12-month low of $88.11 and a 12-month high of $194.01.

Freedom (NASDAQ:FRHC - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.50 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.

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.