Tudor Investment Corp ET AL Trims Position in Freedom Holding Corp. $FRHC

Key Points

• Tudor Investment Corp cut its stake in Freedom Holding Corp. by 85.9% in Q3, selling 61,977 shares and retaining 10,143 shares worth about $1.75 million.
• Other institutions—most notably Millennium Management (+648%) and Goldman Sachs (+214%)—added or initiated positions (Amundi opened a new position), yet hedge funds and other institutional investors collectively own just about 1.26% of the stock.
• FRHC shares recently traded near $150.84 with a market cap of $9.23 billion, while Wall Street consensus rates the stock as a Sell with an average price target of about $138.

Tudor Investment Corp ET AL cut its holdings in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 85.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FRHC. Amundi purchased a new position in shares of Freedom during the first quarter valued at approximately $483,000. Millennium Management LLC increased its stake in shares of Freedom by 648.1% during the first 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 period. Goldman Sachs Group Inc. increased its stake 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 valued at $9,915,000 after buying an additional 51,159 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Freedom by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,068 shares of the company's stock valued at $4,899,000 after buying an additional 3,771 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Freedom by 86.1% during the first quarter. Jane Street Group LLC now owns 7,583 shares of the company's stock valued at $1,002,000 after buying an additional 3,509 shares during the period. 1.26% of the stock is owned by hedge funds and other institutional investors.

Freedom Price Performance

Shares of FRHC stock opened at $150.84 on Monday. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 7,542.00 and a beta of 0.73. The business's fifty day moving average is $131.70 and its 200 day moving average is $138.25. Freedom Holding Corp. has a twelve month low of $107.97 and a twelve 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.

Freedom (NASDAQ:FRHC - Get Free Report) last issued its quarterly earnings results 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%.

Wall Street Analyst Weigh In

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

About Freedom

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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