Five Point (NYSE:FPH) Trading 6.7% Higher

Five Point Holdings LLC (NYSE:FPH) traded up 6.7% on Wednesday . The company traded as high as $4.52 and last traded at $4.76, 6,587 shares were traded during trading. A decline of 99% from the average session volume of 458,432 shares. The stock had previously closed at $4.46.

The stock has a 50 day simple moving average of $7.21 and a two-hundred day simple moving average of $7.20. The firm has a market cap of $662.74 million, a PE ratio of 41.83 and a beta of 0.94.

Five Point (NYSE:FPH) last released its quarterly earnings data on Monday, March 16th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). The company had revenue of $146.91 million for the quarter. Five Point had a net margin of 4.90% and a negative return on equity of 2.24%. As a group, equities research analysts forecast that Five Point Holdings LLC will post 0.36 earnings per share for the current year.

In related news, major shareholder Luxor Capital Group, Lp acquired 111,984 shares of Five Point stock in a transaction on Monday, March 16th. The stock was acquired at an average price of $4.56 per share, for a total transaction of $510,647.04. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 1,828,923 shares of company stock valued at $7,254,435 in the last quarter. Company insiders own 4.58% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FPH. Murphy Pohlad Asset Management LLC purchased a new position in shares of Five Point during the 4th quarter valued at about $86,000. Cubist Systematic Strategies LLC purchased a new position in shares of Five Point in the 4th quarter valued at about $95,000. Tower Research Capital LLC TRC increased its stake in shares of Five Point by 1,329.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 13,195 shares of the company’s stock valued at $99,000 after purchasing an additional 12,272 shares in the last quarter. LexAurum Advisors LLC purchased a new position in shares of Five Point in the 4th quarter valued at about $119,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Five Point in the 4th quarter valued at about $123,000. Institutional investors and hedge funds own 33.92% of the company’s stock.

Five Point Company Profile (NYSE:FPH)

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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