Five Point Holdings LLC (NYSE:FPH) shares saw strong trading volume on Tuesday . 743,327 shares were traded during trading, an increase of 405% from the previous session’s volume of 147,252 shares.The stock last traded at $7.33 and had previously closed at $6.92.
Several equities research analysts recently weighed in on the company. Evercore ISI reissued a “buy” rating on shares of Five Point in a report on Tuesday, August 13th. Zacks Investment Research downgraded Five Point from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Finally, TheStreet raised Five Point from a “d+” rating to a “c-” rating in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.35.
The company has a market cap of $1.02 billion, a price-to-earnings ratio of -21.01 and a beta of 1.00. The company has a fifty day moving average of $7.39 and a two-hundred day moving average of $7.69.
Five Point (NYSE:FPH) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.10). The firm had revenue of $12.39 million for the quarter, compared to analyst estimates of $12.68 million. Five Point had a negative net margin of 23.77% and a negative return on equity of 2.64%. Equities analysts predict that Five Point Holdings LLC will post -0.04 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in FPH. Luxor Capital Group LP bought a new position in Five Point during the 2nd quarter worth $25,548,000. Long Pond Capital LP raised its position in Five Point by 14.1% during the 2nd quarter. Long Pond Capital LP now owns 6,461,780 shares of the company’s stock worth $48,593,000 after purchasing an additional 800,000 shares during the last quarter. Schroder Investment Management Group raised its position in Five Point by 54.8% during the 2nd quarter. Schroder Investment Management Group now owns 1,066,873 shares of the company’s stock worth $8,023,000 after purchasing an additional 377,697 shares during the last quarter. Bank of New York Mellon Corp raised its position in Five Point by 118.6% during the 4th quarter. Bank of New York Mellon Corp now owns 193,183 shares of the company’s stock worth $1,341,000 after purchasing an additional 104,823 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. raised its position in Five Point by 5.7% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 711,690 shares of the company’s stock worth $5,352,000 after purchasing an additional 38,670 shares during the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.
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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