Shares of Five Point Holdings LLC (NYSE:FPH) have been given a consensus rating of “Hold” by the six brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $9.75.

FPH has been the topic of a number of research reports. Royal Bank of Canada set a $10.00 price objective on Five Point and gave the company a “buy” rating in a research report on Tuesday, March 19th. TheStreet upgraded Five Point from a “d+” rating to a “c-” rating in a research report on Wednesday, May 8th. Deutsche Bank lowered their price target on Five Point from $15.00 to $8.00 and set a “hold” rating on the stock in a research report on Monday, March 18th. Zacks Investment Research cut Five Point from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Finally, JMP Securities decreased their target price on Five Point from $19.00 to $12.00 and set a “market outperform” rating on the stock in a report on Monday, April 8th.

In other news, major shareholder Anchorage Capital Group, L.L.C sold 3,200,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $7.95, for a total transaction of $25,440,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.58% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of FPH. JPMorgan Chase & Co. acquired a new position in shares of Five Point during the third quarter valued at $304,000. BlackRock Inc. lifted its stake in Five Point by 34.4% in the third quarter. BlackRock Inc. now owns 39,471 shares of the company’s stock valued at $371,000 after buying an additional 10,106 shares during the period. Dimensional Fund Advisors LP acquired a new position in Five Point in the third quarter valued at about $401,000. Vanguard Group Inc. lifted its stake in Five Point by 23.0% in the third quarter. Vanguard Group Inc. now owns 3,429,388 shares of the company’s stock valued at $32,270,000 after buying an additional 642,041 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Five Point in the third quarter valued at about $120,000. 34.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of FPH stock traded up $0.02 during trading hours on Friday, reaching $8.48. 300 shares of the company’s stock were exchanged, compared to its average volume of 61,570. Five Point has a fifty-two week low of $6.64 and a fifty-two week high of $13.02. The firm has a market cap of $1.28 billion, a PE ratio of -23.56 and a beta of 1.15.

Five Point (NYSE:FPH) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). Five Point had a negative return on equity of 2.35% and a negative net margin of 12.05%. The company had revenue of $7.95 million during the quarter. On average, equities analysts expect that Five Point will post -0.11 EPS for the current fiscal year.

Five Point Company Profile

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. The company operates through four segments: Newhall, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates properties; and provides development management services.

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