Freedom (NASDAQ:FRHC) Announces Earnings Results

Freedom (NASDAQ:FRHC) issued its earnings results on Friday. The company reported $0.63 EPS for the quarter, Zacks reports. The firm had revenue of $526.11 million during the quarter. Freedom had a net margin of 3.78% and a return on equity of 6.49%.

Freedom Stock Performance

Shares of FRHC stock opened at $141.88 on Friday. Freedom has a 12 month low of $110.35 and a 12 month high of $194.01. The company’s fifty day simple moving average is $163.51 and its 200-day simple moving average is $161.80. The firm has a market cap of $8.46 billion, a PE ratio of 107.48 and a beta of 1.10. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Freedom

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its stake in shares of Freedom by 648.1% during the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock worth $16,117,000 after buying an additional 105,641 shares during the last quarter. 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 acquiring an additional 51,159 shares in the last quarter. Bank of America Corp DE raised its holdings in Freedom by 71.8% during the second quarter. Bank of America Corp DE now owns 48,513 shares of the company’s stock worth $7,085,000 after acquiring an additional 20,275 shares in the last quarter. Invesco Ltd. boosted its position in Freedom by 317.6% during the second quarter. Invesco Ltd. now owns 20,168 shares of the company’s stock valued at $2,946,000 after purchasing an additional 15,339 shares during the last quarter. Finally, Treasurer of the State of North Carolina bought a new position in Freedom in the second quarter valued at approximately $1,203,000. 1.26% of the stock is 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.