Illinois Municipal Retirement Fund Acquires New Holdings in Freedom Holding Corp. (NASDAQ:FRHC)

Illinois Municipal Retirement Fund bought a new position in shares of Freedom Holding Corp. (NASDAQ:FRHC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,493 shares of the company’s stock, valued at approximately $726,000.

A number of other institutional investors have also made changes to their positions in the stock. Marshall Wace LLP purchased a new position in Freedom during the 4th quarter valued at about $10,589,000. D. E. Shaw & Co. Inc. lifted its position in shares of Freedom by 1,127.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company’s stock worth $8,412,000 after purchasing an additional 59,124 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Freedom by 286.0% in the fourth quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company’s stock valued at $4,471,000 after purchasing an additional 25,350 shares during the period. Millennium Management LLC acquired a new position in shares of Freedom in the fourth quarter valued at approximately $2,130,000. Finally, BNP Paribas Financial Markets purchased a new stake in Freedom during the 4th quarter worth approximately $1,534,000. 1.26% of the stock is currently owned by institutional investors and hedge funds.

Freedom Price Performance

Freedom stock opened at $139.53 on Thursday. The company’s 50 day moving average is $154.13 and its two-hundred day moving average is $142.11. The firm has a market cap of $8.18 billion, a PE ratio of 100.38 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Freedom Holding Corp. has a 52-week low of $74.17 and a 52-week high of $185.00.

Freedom (NASDAQ:FRHC) last announced its quarterly earnings data on Friday, June 13th. The company reported ($2.36) earnings per share (EPS) for the quarter. The company 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 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.