State Board of Administration of Florida Retirement System Purchases New Stake in Freedom Holding Corp. $FRHC

State Board of Administration of Florida Retirement System acquired a new position in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,845 shares of the company's stock, valued at approximately $1,584,000.Several other large investors also recently added to or reduced their stakes in FRHC. Twin Tree Management LP acquired a new stake in shares of Freedom in the 1st quarter worth $29,000. Signaturefd LLC grew its holdings in shares of Freedom by 23.8% in the second quarter. Signaturefd LLC now owns 406 shares of the company's stock valued at $59,000 after purchasing an additional 78 shares during the period. Amalgamated Bank acquired a new stake in Freedom during the second quarter worth about $211,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Freedom during the second quarter worth about $215,000. Finally, Virtu Financial LLC acquired a new position in Freedom in the 1st quarter valued at about $219,000. 1.26% of the stock is currently owned by hedge funds and other institutional investors. Freedom Price PerformanceFreedom stock opened at $132.66 on Friday. The company's 50 day simple moving average is $150.31 and its 200-day simple moving average is $159.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.16 and a current ratio of 1.16. Freedom Holding Corp. has a 1 year low of $111.85 and a 1 year high of $194.01. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 2,211.00 and a beta of 0.91. Freedom (NASDAQ:FRHC - Get Free Report) last posted its earnings results on Friday, November 7th. The company reported $0.63 earnings per share for the quarter. The firm had revenue of $526.11 million during the quarter. Freedom had a net margin of 0.23% and a return on equity of 0.38%. Wall Street Analysts Forecast GrowthA number of brokerages have recently issued reports on FRHC. Weiss Ratings downgraded shares of Freedom from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, December 1st. Loop Capital set a $100.00 price objective on Freedom in a research report on Thursday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Freedom has a consensus rating of "Sell" and an average price target of $100.00.View Our Latest Report on FRHCAbout Freedom (Free Report)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.Featured ArticlesFive stocks we like better than FreedomHow Investors Can Find the Best Cheap Dividend StocksUlta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?Manufacturing Stocks InvestingGates Foundation Sells MSFT Stock—Should Investors Be Worried?Utilities Stocks Explained – How and Why to Invest in UtilitiesMarketBeat Week in Review – 12/1 - 12/5Want to see what other hedge funds are holding FRHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Freedom Holding Corp. (NASDAQ:FRHC - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Freedom Right Now?Before you consider Freedom, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freedom wasn't on the list.While Freedom currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here