Freedom (NASDAQ:FRHC) Sets 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 changing hands. The stock had previously closed at $180.28.

Freedom Stock Performance

The company has a 50-day moving average of $138.73 and a 200-day moving average of $134.65. The company has a market cap of $10.78 billion, a PE ratio of 34.49 and a beta of 1.14. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.40.

Institutional Trading of Freedom

Several institutional investors have recently made changes to their positions in the company. Millennium Management LLC lifted its position in shares of Freedom by 648.1% during the first quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock valued at $16,117,000 after purchasing an additional 105,641 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Freedom during the 4th quarter worth approximately $10,589,000. Goldman Sachs Group Inc. lifted its position in shares of Freedom by 214.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company’s stock worth $9,915,000 after buying an additional 51,159 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Freedom by 1,127.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company’s stock worth $8,412,000 after buying an additional 59,124 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Freedom by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 54,034 shares of the company’s stock valued at $7,062,000 after acquiring an additional 696 shares in the last quarter. 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.