Freedom (NASDAQ:FRHC) Hits New 1-Year High – What’s Next?

Shares of Freedom Holding Corp. (NASDAQ:FRHC) reached a new 52-week high on Tuesday . The company traded as high as $183.42 and last traded at $182.74, with a volume of 20875 shares trading hands. The stock had previously closed at $180.28.

Freedom Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.28 and a current ratio of 1.28. The company has a 50-day moving average price of $140.97 and a 200-day moving average price of $135.29. The firm has a market capitalization of $10.43 billion, a P/E ratio of 33.38 and a beta of 1.14.

Institutional Investors Weigh In On Freedom

Several large investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in shares of Freedom during the first quarter worth $261,000. Jane Street Group LLC raised its stake in Freedom by 86.1% during the 1st quarter. Jane Street Group LLC now owns 7,583 shares of the company’s stock worth $1,002,000 after buying an additional 3,509 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Freedom by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,068 shares of the company’s stock worth $4,899,000 after acquiring an additional 3,771 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Freedom by 214.4% in the first quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company’s stock valued at $9,915,000 after acquiring an additional 51,159 shares during the period. Finally, Millennium Management LLC grew its stake in Freedom by 648.1% in the first quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock valued at $16,117,000 after acquiring an additional 105,641 shares during the period. 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.