Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Sells $10,370.00 in Stock

Posted by Micah Haroldson on May 8th, 2024

Five Point Holdings, LLC (NYSE:FPH – Get Free Report) major shareholder Luxor Capital Group, Lp sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $3.05, for a total transaction of $10,370.00. Following the sale, the insider now owns 56,334 shares in the company, valued at approximately $171,818.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

On Monday, May 6th, Luxor Capital Group, Lp sold 99,730 shares of Five Point stock. The stock was sold at an average price of $3.09, for a total transaction of $308,165.70.
On Wednesday, April 24th, Luxor Capital Group, Lp sold 11,796 shares of Five Point stock. The shares were sold at an average price of $2.99, for a total value of $35,270.04.
On Friday, April 19th, Luxor Capital Group, Lp sold 43,509 shares of Five Point stock. The shares were sold at an average price of $3.07, for a total value of $133,572.63.
On Monday, April 22nd, Luxor Capital Group, Lp sold 21,794 shares of Five Point stock. The stock was sold at an average price of $3.03, for a total value of $66,035.82.
On Wednesday, April 17th, Luxor Capital Group, Lp sold 700 shares of Five Point stock. The shares were sold at an average price of $3.10, for a total transaction of $2,170.00.
On Monday, April 15th, Luxor Capital Group, Lp sold 725 shares of Five Point stock. The stock was sold at an average price of $3.17, for a total transaction of $2,298.25.
On Friday, April 12th, Luxor Capital Group, Lp sold 546 shares of Five Point stock. The stock was sold at an average price of $3.11, for a total transaction of $1,698.06.
On Wednesday, April 10th, Luxor Capital Group, Lp sold 23,881 shares of Five Point stock. The shares were sold at an average price of $3.07, for a total value of $73,314.67.
On Monday, April 8th, Luxor Capital Group, Lp sold 3,971 shares of Five Point stock. The shares were sold at an average price of $3.19, for a total value of $12,667.49.
On Monday, April 1st, Luxor Capital Group, Lp sold 4,163 shares of Five Point stock. The stock was sold at an average price of $3.15, for a total value of $13,113.45.

Five Point Stock Down 1.1 %

NYSE FPH traded down $0.03 during trading hours on Tuesday, hitting $3.12. 50,936 shares of the company were exchanged, compared to its average volume of 92,206. The stock has a market cap of $461.92 million, a PE ratio of 3.68 and a beta of 1.41. Five Point Holdings, LLC has a 52 week low of $2.13 and a 52 week high of $3.74. The stock has a 50-day moving average price of $3.08 and a 200 day moving average price of $2.93.

Analyst Ratings Changes

Separately, TheStreet raised shares of Five Point from a “d” rating to a “c-” rating in a research note on Friday, January 19th.

View Our Latest Analysis on Five Point

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FPH. O Keefe Stevens Advisory Inc. raised its holdings in shares of Five Point by 1.9% in the first quarter. O Keefe Stevens Advisory Inc. now owns 1,577,400 shares of the company’s stock worth $4,937,000 after buying an additional 28,841 shares during the period. Wellington Management Group LLP increased its stake in Five Point by 1.7% in the third quarter. Wellington Management Group LLP now owns 1,184,583 shares of the company’s stock worth $3,518,000 after purchasing an additional 19,262 shares during the period. ACR Alpine Capital Research LLC lifted its position in shares of Five Point by 19.3% during the first quarter. ACR Alpine Capital Research LLC now owns 828,123 shares of the company’s stock worth $2,592,000 after purchasing an additional 133,898 shares during the last quarter. TCW Group Inc. lifted its position in shares of Five Point by 17.2% during the fourth quarter. TCW Group Inc. now owns 826,037 shares of the company’s stock worth $2,536,000 after purchasing an additional 121,337 shares during the last quarter. Finally, Park West Asset Management LLC boosted its stake in shares of Five Point by 75.0% during the fourth quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock valued at $1,074,000 after purchasing an additional 150,000 shares during the period. 38.09% of the stock is owned by hedge funds and other institutional investors.

About Five Point

(Get Free Report)

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.