Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Sells $35,270.04 in Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 11,796 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $2.99, for a total transaction of $35,270.04. Following the completion of the transaction, the insider now owns 56,353 shares of the company’s stock, valued at $168,495.47. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, April 19th, Luxor Capital Group, Lp sold 43,509 shares of Five Point stock. The stock was sold at an average price of $3.07, for a total transaction 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 transaction of $66,035.82.
• On Wednesday, April 17th, Luxor Capital Group, Lp sold 700 shares of Five Point stock. The stock was 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 shares were 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 transaction 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 transaction of $12,667.49.
• On Monday, April 1st, Luxor Capital Group, Lp sold 4,163 shares of Five Point stock. The shares were sold at an average price of $3.15, for a total transaction of $13,113.45.
• On Thursday, March 28th, Luxor Capital Group, Lp sold 1,251 shares of Five Point stock. The shares were sold at an average price of $3.20, for a total transaction of $4,003.20.
• On Tuesday, March 26th, Luxor Capital Group, Lp sold 7,732 shares of Five Point stock. The shares were sold at an average price of $3.19, for a total transaction of $24,665.08.

Five Point Trading Down 1.0 %

NYSE FPH traded down $0.03 on Friday, reaching $2.89. 135,151 shares of the stock were exchanged, compared to its average volume of 91,514. Five Point Holdings, LLC has a one year low of $2.13 and a one year high of $3.74. The firm has a market capitalization of $428.56 million, a PE ratio of 3.40 and a beta of 1.43. The company’s 50-day simple moving average is $3.11 and its two-hundred day simple moving average is $2.91.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Five Point

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bfsg LLC bought a new stake in shares of Five Point during the third quarter valued at approximately $116,000. Raymond James & Associates raised its position in shares of Five Point by 6.7% during the third quarter. Raymond James & Associates now owns 285,914 shares of the company’s stock valued at $849,000 after buying an additional 17,833 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in shares of Five Point by 6.8% during the third quarter. ACR Alpine Capital Research LLC now owns 603,883 shares of the company’s stock valued at $1,794,000 after buying an additional 38,498 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Five Point during the third quarter valued at approximately $80,000. Finally, Aristeia Capital LLC bought a new stake in shares of Five Point during the third quarter valued at approximately $54,000. Institutional investors own 38.09% of the company’s stock.

Five Point Company Profile

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.