Five Point (NYSE:FPH) Hits New 1-Year Low – Should You Sell?

Five Point Holdings, LLC (NYSE:FPH) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $4.69 and last traded at $4.8010, with a volume of 207624 shares changing hands. The stock had previously closed at $4.71.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Five Point from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Five Point Stock Up 1.9%

The company has a market cap of $712.95 million, a PE ratio of 7.87 and a beta of 1.34. The business has a 50-day simple moving average of $4.99 and a 200-day simple moving average of $5.45.

Five Point (NYSE:FPH) last announced its earnings results on Thursday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $13.58 million for the quarter, compared to analyst estimates of $8.61 million. Five Point had a return on equity of 1.99% and a net margin of 41.16%.

Insider Transactions at Five Point

In other Five Point news, insider Greg Mcwilliams sold 111,037 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $5.23, for a total value of $580,723.51. Following the sale, the insider owned 588,735 shares of the company’s stock, valued at $3,079,084.05. The trade was 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 through this link. 20.90% of the stock is currently owned by insiders.

Institutional Trading of Five Point

A number of large investors have recently modified their holdings of FPH. Saber Capital Managment LLC purchased a new stake in shares of Five Point during the fourth quarter worth $2,247,000. Robotti Robert increased its position in shares of Five Point by 2.7% during the third quarter. Robotti Robert now owns 6,964,320 shares of the company’s stock worth $42,691,000 after acquiring an additional 185,273 shares during the period. Lee Danner & Bass Inc. purchased a new stake in shares of Five Point during the first quarter worth $823,000. Millennium Management LLC purchased a new stake in shares of Five Point during the fourth quarter worth $748,000. Finally, Flax Pond Capital LLC purchased a new stake in shares of Five Point during the fourth quarter worth $699,000. Hedge funds and other institutional investors own 38.09% of the company’s stock.

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.