Freedom (NASDAQ:FRHC) Releases Quarterly Earnings Results

Freedom (NASDAQ:FRHC) posted its quarterly earnings data on Friday. The company reported $0.63 EPS for the quarter, Zacks reports. Freedom had a net margin of 3.78% and a return on equity of 6.49%.

Freedom Stock Performance

Shares of FRHC traded up $4.89 during trading hours on Friday, reaching $141.88. 436,492 shares of the company’s stock traded hands, compared to its average volume of 120,540. Freedom has a twelve month low of $110.35 and a twelve month high of $194.01. The business’s fifty day simple moving average is $164.10 and its two-hundred day simple moving average is $161.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 107.48 and a beta of 1.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Freedom in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Hedge Funds Weigh In On Freedom

Several large investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its stake in shares of 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 acquiring an additional 105,641 shares during the period. Goldman Sachs Group Inc. raised its holdings in Freedom by 214.4% during the first quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company’s stock worth $9,915,000 after purchasing an additional 51,159 shares in the last quarter. Vanguard Group Inc. lifted its position in Freedom by 5.8% in the third quarter. Vanguard Group Inc. now owns 66,336 shares of the company’s stock worth $11,418,000 after purchasing an additional 3,635 shares during the period. Bank of America Corp DE boosted its stake in Freedom by 71.8% during the 2nd quarter. Bank of America Corp DE now owns 48,513 shares of the company’s stock valued at $7,085,000 after purchasing an additional 20,275 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 valued at $4,899,000 after purchasing an additional 3,771 shares during the period. Institutional investors and hedge funds own 1.26% of the company’s stock.

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.