Five Point Holdings, LLC (NYSE:FPH) Shares Sold by Long Pond Capital LP

Long Pond Capital LP trimmed its holdings in Five Point Holdings, LLC (NYSE:FPH) by 90.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 195,162 shares of the company’s stock after selling 1,959,036 shares during the period. Five Point accounts for about 0.0% of Long Pond Capital LP’s investment portfolio, making the stock its 26th largest position. Long Pond Capital LP’s holdings in Five Point were worth $738,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Robotti Robert boosted its stake in shares of Five Point by 1.1% during the fourth quarter. Robotti Robert now owns 6,779,047 shares of the company’s stock valued at $25,625,000 after acquiring an additional 75,000 shares during the last quarter. Private Management Group Inc. lifted its holdings in Five Point by 9.8% in the 4th quarter. Private Management Group Inc. now owns 5,525,607 shares of the company’s stock valued at $20,887,000 after purchasing an additional 493,138 shares in the last quarter. O Keefe Stevens Advisory Inc. boosted its stake in shares of Five Point by 8.1% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company’s stock worth $8,249,000 after purchasing an additional 163,647 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Five Point by 0.4% during the third quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock worth $3,975,000 after buying an additional 4,281 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Five Point by 2,431.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 436,686 shares of the company’s stock valued at $1,651,000 after buying an additional 419,436 shares during the last quarter. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Zelman & Associates upgraded shares of Five Point from a “neutral” rating to an “outperform” rating in a research report on Monday, January 27th.

Five Point Stock Down 1.4 %

FPH stock opened at $4.85 on Thursday. The stock has a market capitalization of $721.25 million, a price-to-earnings ratio of 5.05 and a beta of 1.46. The stock’s fifty day simple moving average is $5.40 and its 200-day simple moving average is $4.59. Five Point Holdings, LLC has a 52-week low of $2.83 and a 52-week high of $6.71.

Five Point (NYSE:FPH) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.65 earnings per share (EPS) for the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%.

Insider Activity at Five Point

In related news, insider Kim Tobler sold 18,496 shares of the stock in a transaction on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total value of $106,906.88. Following the transaction, the insider now directly owns 17,927 shares of the company’s stock, valued at approximately $103,618.06. This trade represents a 50.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.36% of the stock is owned by insiders.

About Five Point

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.