Five Point (NYSE:FPH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Five Point Holdings LLC, designs and develops mixed-use, master-planned communities primarily in coastal California. It offer homes, commercial, retail, educational and recreational elements as well as civic areas, parks and open spaces. The company’s communities consist of Great Park Neighborhoods(R) in Irvine, Newhall Ranch(R) near Valencia and The San Francisco Shipyard/Candlestick Point in the City of San Francisco. Five Point Holdings LLC is headquartered in Aliso Viejo, California. “

Separately, Citigroup restated a “hold” rating and set a $9.00 price target on shares of Five Point in a research report on Wednesday, November 14th.

NYSE FPH traded down $0.27 during trading hours on Thursday, reaching $7.44. 181,842 shares of the company’s stock were exchanged, compared to its average volume of 212,204. The firm has a market cap of $1.13 billion, a PE ratio of -12.20 and a beta of 0.99. Five Point has a one year low of $6.64 and a one year high of $14.99.

Five Point (NYSE:FPH) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.03) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The business had revenue of $7.95 million for the quarter. Five Point had a negative return on equity of 1.62% and a net margin of 118.34%. On average, research analysts anticipate that Five Point will post -0.21 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FPH. First Manhattan Co. bought a new stake in Five Point during the 4th quarter worth approximately $69,000. Tower Research Capital LLC TRC bought a new stake in Five Point during the 3rd quarter worth approximately $100,000. Northern Trust Corp grew its position in Five Point by 17.7% during the 4th quarter. Northern Trust Corp now owns 14,967 shares of the company’s stock worth $104,000 after acquiring an additional 2,256 shares during the last quarter. Levin Capital Strategies L.P. bought a new stake in Five Point during the 4th quarter worth approximately $111,000. Finally, US Bancorp DE bought a new stake in Five Point during the 3rd quarter worth approximately $116,000. Institutional investors and hedge funds own 35.32% of the company’s stock.

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. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers. The company was formerly known as Newhall Holding Company, LLC and changed its name to Five Point Holdings, LLC in May 2016.

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