Five Point (NYSE:FPH) Reaches New 12-Month Low – What’s Next?

Five Point Holdings, LLC (NYSE:FPH)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $4.36 and last traded at $4.4050, with a volume of 150,284 shares changing hands. The stock had previously closed at $4.40.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Five Point in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, Five Point has an average rating of “Hold”.

Five Point Stock Performance

The firm has a market capitalization of $651.41 million, a PE ratio of 6.20 and a beta of 1.36. The business’s 50 day moving average is $4.95 and its two-hundred day moving average is $5.02.

Five Point (NYSE:FPH) last issued its earnings results on Thursday, July 23rd. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.19. The business had revenue of $13.90 million for the quarter, compared to analysts’ expectations of $8.61 million. Five Point had a net margin of 45.35% and a return on equity of 2.29%.

Hedge Funds Weigh In On Five Point

Several hedge funds have recently made changes to their positions in FPH. Robotti Robert purchased a new stake in Five Point during the 2nd quarter worth about $36,702,000. O Keefe Stevens Advisory Inc. boosted its stake in Five Point by 7.6% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 2,982,033 shares of the company’s stock worth $13,956,000 after purchasing an additional 210,413 shares during the period. Dimensional Fund Advisors LP boosted its stake in Five Point by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,380,446 shares of the company’s stock worth $6,681,000 after purchasing an additional 3,500 shares during the period. ACR Alpine Capital Research LLC grew its holdings in Five Point by 10.3% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,229,255 shares of the company’s stock valued at $5,950,000 after buying an additional 114,498 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Five Point by 5.3% during the 1st quarter. Renaissance Technologies LLC now owns 270,162 shares of the company’s stock valued at $1,308,000 after buying an additional 13,662 shares in the last quarter. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

Five Point Company Profile

Five Point Holdings, LLC (NYSE: FPH) is a California-based real estate development company that owns and develops large-scale, mixed-use master-planned communities. Its projects typically combine residential neighborhoods with commercial, retail, office, educational, recreational and public-space components.

The company’s principal developments include Great Park Neighborhoods in Irvine, Newhall Ranch in Los Angeles County and Valencia in Santa Clarita. These communities are designed to provide a range of housing options alongside parks, trails, schools, business areas and other amenities.