Five Point (NYSE:FPH) Reaches New 1-Year High – Time to Buy?

Five Point Holdings, LLC (NYSE:FPH) reached a new 52-week high on Thursday . The stock traded as high as $6.44 and last traded at $6.46, with a volume of 563563 shares. The stock had previously closed at $6.04.

Analyst Upgrades and Downgrades

Separately, Zelman & Associates raised Five Point from a “neutral” rating to an “outperform” rating in a research report on Monday.

Five Point Stock Up 6.5 %

The company has a market capitalization of $954.25 million, a price-to-earnings ratio of 9.19 and a beta of 1.46. The stock’s 50-day moving average price is $4.00 and its 200-day moving average price is $3.69.

Five Point (NYSE:FPH) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.65 earnings per share for the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%.

Hedge Funds Weigh In On Five Point

Several institutional investors have recently modified their holdings of the business. Wellington Management Group LLP raised its stake in shares of Five Point by 0.4% in the 3rd quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock valued at $3,975,000 after purchasing an additional 4,281 shares during the period. XTX Topco Ltd acquired a new position in Five Point during the 3rd quarter worth approximately $70,000. Pure Financial Advisors LLC bought a new position in shares of Five Point during the 3rd quarter worth approximately $73,000. Jane Street Group LLC acquired a new stake in shares of Five Point in the third quarter valued at approximately $76,000. Finally, Meixler Investment Management Ltd. bought a new stake in Five Point during the 4th quarter worth about $75,000. Institutional investors own 38.09% of the company’s stock.

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.