Corsair Capital Management L.P. Raises Holdings in Five Point Holdings, LLC $FPH

Corsair Capital Management L.P. boosted its position in Five Point Holdings, LLC (NYSE:FPH) by 11.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 100,021 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Corsair Capital Management L.P. owned 0.07% of Five Point worth $550,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FPH. Virtu Financial LLC purchased a new position in shares of Five Point in the first quarter worth about $65,000. Wealth Enhancement Advisory Services LLC purchased a new position in Five Point in the 2nd quarter valued at approximately $85,000. XTX Topco Ltd bought a new stake in Five Point during the 2nd quarter valued at $128,000. Jump Financial LLC lifted its position in shares of Five Point by 48.2% during the first quarter. Jump Financial LLC now owns 27,400 shares of the company’s stock worth $146,000 after acquiring an additional 8,914 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Five Point during the first quarter worth $169,000. 38.09% of the stock is owned by hedge funds and other institutional investors.

Five Point Price Performance

NYSE FPH opened at $6.17 on Friday. The business’s fifty day moving average price is $6.05 and its 200-day moving average price is $5.81. The stock has a market capitalization of $906.69 million, a price-to-earnings ratio of 4.74 and a beta of 1.51. Five Point Holdings, LLC has a 1-year low of $3.42 and a 1-year high of $6.71.

Five Point (NYSE:FPH) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $13.49 million for the quarter. Five Point had a net margin of 48.56% and a return on equity of 4.24%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Point in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Five Point presently has a consensus rating of “Buy”.

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.