Freedom (NASDAQ:FRHC) Announces Earnings Results

Freedom (NASDAQ:FRHC) issued 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 Up 3.6%

NASDAQ:FRHC traded up $4.89 during trading hours on Friday, reaching $141.88. 436,492 shares of the company traded hands, compared to its average volume of 120,540. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $164.10 and its two-hundred day moving average price is $161.49. Freedom has a 1 year low of $110.35 and a 1 year high of $194.01. The stock has a market capitalization of $8.46 billion, a P/E ratio of 107.48 and a beta of 1.10.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Freedom

Several large investors have recently modified their holdings of FRHC. CANADA LIFE ASSURANCE Co raised its holdings in Freedom by 8.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 7,742 shares of the company’s stock worth $1,133,000 after buying an additional 592 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Freedom by 6.7% during the second quarter. California State Teachers Retirement System now owns 17,625 shares of the company’s stock valued at $2,574,000 after buying an additional 1,113 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Freedom during the first quarter valued at approximately $261,000. Sei Investments Co. purchased a new position in Freedom in the 2nd quarter worth approximately $293,000. Finally, Marshall Wace LLP raised its holdings in Freedom by 10.0% in the 2nd quarter. Marshall Wace LLP now owns 28,705 shares of the company’s stock worth $4,192,000 after acquiring an additional 2,620 shares during the last quarter. Hedge funds and other institutional investors own 1.26% of the company’s stock.

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.