Tudor Investment Corp ET AL Sells 61,977 Shares of Freedom Holding Corp. $FRHC

Key Points

• Tudor Investment Corp ET AL cut its stake in Freedom Holding Corp by 85.9%, selling 61,977 shares and leaving 10,143 shares valued at $1.746 million at quarter-end.
• Other institutions made sizable moves: JPMorgan boosted its position by 188.6% to 76,068 shares (~$13.09M), Geode increased to 159,904 shares (~$23.35M), and firms like Franklin, Highland and Florida's SBA opened new positions.
• Analyst sentiment is cautious — MarketBeat shows a consensus "Sell" with a $138 price target while FRHC trades around $141; the company reported $1.25 EPS on $500.7M revenue but has very slim net margins.

Tudor Investment Corp ET AL reduced its position in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 85.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,143 shares of the company's stock after selling 61,977 shares during the period. Tudor Investment Corp ET AL's holdings in Freedom were worth $1,746,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. purchased a new position in Freedom during the second quarter worth about $1,348,000. Highland Capital Management LLC bought a new position in Freedom in the 3rd quarter worth about $1,609,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Freedom in the 2nd quarter valued at about $1,584,000. JPMorgan Chase & Co. boosted its position in shares of Freedom by 188.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,068 shares of the company's stock valued at $13,094,000 after acquiring an additional 49,712 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Freedom by 198.5% during the 2nd quarter. Geode Capital Management LLC now owns 159,904 shares of the company's stock valued at $23,350,000 after acquiring an additional 106,338 shares during the last quarter. Hedge funds and other institutional investors own 1.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FRHC shares. Wall Street Zen upgraded shares of Freedom from a "sell" rating to a "hold" rating in a research report on Saturday, January 17th. Loop Capital set a $138.00 target price on shares of Freedom in a research report on Thursday, February 26th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Freedom in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell" and a consensus price target of $138.00.

Freedom Trading Down 1.4%

Shares of FRHC stock opened at $141.19 on Friday. The business has a 50-day moving average price of $126.84 and a two-hundred day moving average price of $139.62. Freedom Holding Corp. has a 12-month low of $107.97 and a 12-month high of $194.01. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.03. The firm has a market cap of $8.64 billion, a P/E ratio of 7,059.50 and a beta of 0.84.

Freedom (NASDAQ:FRHC - Get Free Report) last announced its quarterly earnings data on Monday, February 9th. The company reported $1.25 earnings per share for the quarter. The company had revenue of $500.71 million for the quarter. Freedom had a return on equity of 0.21% and a net margin of 0.13%.

Freedom Company Profile

Freedom Holding Corp NASDAQ: FRHC is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.

The firm's product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.

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