Five Point Holdings LLC (NYSE:FPH) rose 6.7% on Wednesday . The stock traded as high as $4.52 and last traded at $4.76, approximately 6,587 shares traded hands during mid-day trading. A decline of 99% from the average daily volume of 458,432 shares. The stock had previously closed at $4.46.
The firm has a fifty day moving average price of $7.21 and a two-hundred day moving average price of $7.20. The stock has a market capitalization of $662.74 million, a PE ratio of 41.83 and a beta of 0.94.
Five Point (NYSE:FPH) last issued its quarterly earnings results on Monday, March 16th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Five Point had a negative return on equity of 2.24% and a net margin of 4.90%. The business had revenue of $146.91 million during the quarter. As a group, equities research analysts forecast that Five Point Holdings LLC will post 0.36 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPH. Luxor Capital Group LP increased its holdings in Five Point by 35.3% during the 3rd quarter. Luxor Capital Group LP now owns 4,598,111 shares of the company’s stock worth $34,486,000 after purchasing an additional 1,200,784 shares during the period. State of New Jersey Common Pension Fund D purchased a new position in shares of Five Point in the 4th quarter valued at $2,215,000. Schroder Investment Management Group increased its holdings in shares of Five Point by 8.8% in the 4th quarter. Schroder Investment Management Group now owns 1,215,358 shares of the company’s stock valued at $8,447,000 after acquiring an additional 98,749 shares during the period. Levin Capital Strategies L.P. purchased a new position in shares of Five Point in the 4th quarter valued at $490,000. Finally, Delta Investment Management LLC increased its holdings in shares of Five Point by 380.0% in the 4th quarter. Delta Investment Management LLC now owns 60,000 shares of the company’s stock valued at $417,000 after acquiring an additional 47,500 shares during the period. Institutional investors 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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