Freedom (NASDAQ:FRHC) Issues Earnings Results

Key Points

• Freedom (NASDAQ:FRHC) reported quarterly earnings of $0.50 per share, with a return on equity of 6.92% and a net margin of 4.13%.
• Shares of Freedom fell by $7.66 to $178.29 during mid-day trading, with a market cap of $10.45 billion and a PE ratio of 133.78.
• Several institutional investors increased their stakes in Freedom in Q1, with Goldman Sachs Group Inc. boosting its holdings by 214.4%.

Freedom (NASDAQ:FRHC - Get Free Report) released its quarterly earnings data on Friday. The company reported $0.50 EPS for the quarter, Zacks reports. Freedom had a net margin of 3.78% and a return on equity of 6.49%. The company had revenue of $533.42 million during the quarter.

Freedom Stock Performance

Shares of NASDAQ:FRHC traded down $3.45 during trading on Wednesday, hitting $177.23. 40,703 shares of the company were exchanged, compared to its average volume of 122,968. Freedom has a 52-week low of $83.78 and a 52-week high of $194.01. The stock has a 50 day moving average of $158.92 and a 200 day moving average of $149.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.18 and a quick ratio of 1.17. The company has a market cap of $10.85 billion, a PE ratio of 134.24 and a beta of 1.14.

Institutional Trading of Freedom

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in Freedom by 648.1% in the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company's stock worth $16,117,000 after purchasing an additional 105,641 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Freedom by 214.4% in the first 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. Amundi bought a new position in shares of Freedom in the first quarter valued at approximately $483,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Freedom by 11.3% in 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 acquiring an additional 3,771 shares during the period. Finally, Jane Street Group LLC grew its stake in 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 acquiring an additional 3,509 shares in the last quarter. 1.26% of the stock is currently owned by institutional investors.

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.