Freedom (NASDAQ:FRHC) Releases Earnings Results

Freedom (NASDAQ:FRHC - Get Free Report) released its quarterly earnings data on Friday. The company reported ($2.36) earnings per share (EPS) for the quarter, Zacks reports. Freedom had a net margin of 14.99% and a return on equity of 26.63%. The firm had revenue of $363.72 million during the quarter.

Freedom Trading Down 3.5%

NASDAQ:FRHC traded down $5.27 on Friday, reaching $147.05. 86,724 shares of the stock traded hands, compared to its average volume of 90,279. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 27.59 and a beta of 1.16. The company's 50 day moving average is $149.99 and its 200-day moving average is $140.41. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.40. Freedom has a 1-year low of $71.88 and a 1-year high of $185.00.

Hedge Funds Weigh In On Freedom

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in shares of Freedom during the 1st quarter worth approximately $261,000. Amundi bought a new position in shares of Freedom during the 1st quarter worth approximately $483,000. Jane Street Group LLC boosted its holdings in shares of Freedom by 86.1% during the 1st quarter. Jane Street Group LLC now owns 7,583 shares of the company's stock worth $1,002,000 after buying an additional 3,509 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Freedom by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,068 shares of the company's stock worth $4,899,000 after buying an additional 3,771 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Freedom by 214.4% during the 1st 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. 1.26% of the stock is currently owned by institutional investors.

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.