Five Point (NYSE:FPH) Stock Price Up 6.7%

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.

In other news, major shareholder Luxor Capital Group, Lp acquired 111,984 shares of Five Point stock in a transaction on Monday, March 16th. The shares were bought at an average cost of $4.56 per share, for a total transaction of $510,647.04. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 1,828,923 shares of company stock worth $7,254,435 over the last 90 days. 4.58% of the stock is currently owned by company insiders.

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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