Five Point (NYSE:FPH) Trading Up 2.3% – Here’s Why

Five Point Holdings, LLC (NYSE:FPH)’s stock price was up 2.3% during trading on Tuesday . The company traded as high as $4.99 and last traded at $4.84. Approximately 307,460 shares were traded during trading, an increase of 60% from the average daily volume of 191,743 shares. The stock had previously closed at $4.73.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Five Point from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Five Point Price Performance

The firm has a 50-day moving average of $5.30 and a 200 day moving average of $5.70. The company has a market capitalization of $713.56 million, a PE ratio of 5.04 and a beta of 1.39.

Five Point (NYSE:FPH) last issued its earnings results on Thursday, January 29th. The company reported $0.31 earnings per share for the quarter. The business had revenue of $75.90 million during the quarter. Five Point had a return on equity of 3.14% and a net margin of 64.50%.

Insider Buying and Selling at Five Point

In related news, insider Greg Mcwilliams sold 111,037 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $5.23, for a total transaction of $580,723.51. Following the transaction, the insider owned 588,735 shares in the company, valued at $3,079,084.05. This represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 21.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Five Point

A number of hedge funds have recently added to or reduced their stakes in FPH. Envestnet Asset Management Inc. lifted its holdings in shares of Five Point by 7.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 25,602 shares of the company’s stock valued at $157,000 after buying an additional 1,885 shares during the period. Occudo Quantitative Strategies LP grew its holdings in shares of Five Point by 17.7% in the third quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock worth $103,000 after acquiring an additional 2,537 shares during the period. Susquehanna International Group LLP increased its position in Five Point by 11.8% during the third quarter. Susquehanna International Group LLP now owns 31,404 shares of the company’s stock valued at $193,000 after acquiring an additional 3,304 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Five Point by 14.2% during the first quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company’s stock valued at $323,000 after acquiring an additional 7,544 shares during the last quarter. Finally, JBF Capital Inc. bought a new position in Five Point in the fourth quarter valued at about $56,000. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

About Five Point

Five Point Holdings, L.P. (NYSE:FPH) is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.