9,349 Shares in Freedom Holding Corp. $FRHC Purchased by Highland Capital Management LLC

Highland Capital Management LLC bought a new position in Freedom Holding Corp. (NASDAQ:FRHC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,349 shares of the company’s stock, valued at approximately $1,609,000.

Other institutional investors also recently made changes to their positions in the company. Twin Tree Management LP acquired a new stake in shares of Freedom during the 1st quarter worth approximately $29,000. Signaturefd LLC grew its stake in Freedom by 23.8% during the 2nd quarter. Signaturefd LLC now owns 406 shares of the company’s stock worth $59,000 after buying an additional 78 shares during the last quarter. Farther Finance Advisors LLC increased its position in Freedom by 4,426.7% in the third quarter. Farther Finance Advisors LLC now owns 679 shares of the company’s stock worth $117,000 after buying an additional 664 shares during the period. Amalgamated Bank bought a new stake in Freedom in the second quarter valued at $211,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Freedom during the second quarter valued at $215,000. 1.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FRHC. Wall Street Zen cut shares of Freedom from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of Freedom in a research report on Monday. Finally, Loop Capital set a $100.00 price target on Freedom in a report on Thursday, December 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Freedom has a consensus rating of “Sell” and an average target price of $100.00.

Freedom Trading Down 0.6%

Shares of FRHC stock opened at $131.33 on Friday. The stock has a 50-day simple moving average of $139.66 and a 200 day simple moving average of $156.05. The stock has a market capitalization of $8.03 billion, a P/E ratio of 2,188.83 and a beta of 0.91. Freedom Holding Corp. has a fifty-two week low of $111.85 and a fifty-two week high of $194.01. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.03.

Freedom (NASDAQ:FRHC) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.63 earnings per share for the quarter. Freedom had a net margin of 0.23% and a return on equity of 0.38%. The company had revenue of $526.11 million during the quarter.

Freedom Profile

Freedom Holding Corp (NASDAQ: FRHC) is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.

The firm’s product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.