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

Shares of Five Point Holdings, LLC (NYSE:FPH) hit a new 52-week low during trading on Friday. The stock traded as low as $4.11 and last traded at $4.1440, with a volume of 85,752 shares. The stock had previously closed at $4.50.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Five Point in a report on Friday, July 31st. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, Five Point presently has a consensus rating of “Hold”.

Five Point Stock Performance

The firm’s 50-day simple moving average is $4.83 and its 200 day simple moving average is $5.00. The company has a market cap of $615.92 million, a P/E ratio of 5.84 and a beta of 1.36.

Five Point (NYSE:FPH) last posted its quarterly earnings results on Thursday, October 22nd. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). Five Point had a return on equity of 2.29% and a net margin of 45.35%. The business had revenue of $14.62 million for the quarter, compared to analyst estimates of $8.61 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. O Keefe Stevens Advisory Inc. increased its position in shares of Five Point by 7.6% during the third quarter. O Keefe Stevens Advisory Inc. now owns 2,982,033 shares of the company’s stock worth $13,956,000 after acquiring an additional 210,413 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Five Point in the 2nd quarter valued at approximately $169,000. Robotti Robert bought a new stake in Five Point in the 2nd quarter valued at approximately $36,702,000. Flax Pond Capital LLC increased its stake in Five Point by 13.3% in the 1st quarter. Flax Pond Capital LLC now owns 141,707 shares of the company’s stock valued at $686,000 after buying an additional 16,600 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Five Point during the 1st quarter worth about $79,000. 38.09% of the stock is owned by institutional investors and hedge funds.

Five Point Company Profile

Five Point Holdings, LLC is a California-based real estate development company focused on creating large, master-planned communities. The company typically acquires and entitles land, develops infrastructure and public amenities, and sells residential and commercial land to homebuilders and other developers rather than constructing most homes itself.

Its major developments have included Great Park Neighborhoods in Irvine, California, and Valencia, a master-planned community in the Santa Clarita Valley associated with the Newhall Ranch project.