Teacher Retirement System of Texas Acquires Shares of 2,658 Freedom Holding Corp. (NASDAQ:FRHC)

Teacher Retirement System of Texas acquired a new stake in shares of Freedom Holding Corp. (NASDAQ:FRHC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,658 shares of the company’s stock, valued at approximately $351,000.

A number of other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in Freedom during the fourth quarter valued at about $10,589,000. D. E. Shaw & Co. Inc. lifted its stake in Freedom by 1,127.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company’s stock valued at $8,412,000 after buying an additional 59,124 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Freedom by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 54,034 shares of the company’s stock valued at $7,062,000 after buying an additional 696 shares in the last quarter. Swiss National Bank grew its holdings in shares of Freedom by 1.4% during the fourth quarter. Swiss National Bank now owns 35,900 shares of the company’s stock valued at $4,692,000 after buying an additional 500 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Freedom by 286.0% during the fourth quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company’s stock valued at $4,471,000 after buying an additional 25,350 shares in the last quarter. 1.26% of the stock is owned by hedge funds and other institutional investors.

Freedom Stock Performance

Shares of FRHC stock opened at $178.85 on Friday. Freedom Holding Corp. has a 1-year low of $75.11 and a 1-year high of $185.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 128.67 and a beta of 1.10. The stock’s fifty day simple moving average is $155.29 and its 200-day simple moving average is $143.95.

Freedom (NASDAQ:FRHC) last issued its earnings results on Friday, June 13th. The company reported ($2.36) earnings per share for the quarter. The business had revenue of $363.72 million during the quarter. Freedom had a net margin of 4.13% and a return on equity of 6.92%.

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.