Five Point (NYSE:FPH) Stock Price Down 3.2% – Here’s Why

Five Point Holdings, LLC (NYSE:FPH)’s share price traded down 3.2% during mid-day trading on Monday . The company traded as low as $5.35 and last traded at $5.37. 101,024 shares were traded during mid-day trading, a decline of 62% from the average session volume of 264,904 shares. The stock had previously closed at $5.55.

Wall Street Analyst Weigh In

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

Five Point Stock Down 0.2 %

The firm has a market cap of $810.48 million, a PE ratio of 5.70 and a beta of 1.59. The stock has a 50 day moving average price of $5.31 and a two-hundred day moving average price of $4.32.

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

Insider Activity

In other news, insider Kim Tobler sold 18,496 shares of the company’s stock in a transaction on Saturday, March 8th. The shares were sold at an average price of $5.78, for a total value of $106,906.88. Following the sale, the insider now directly owns 17,927 shares of the company’s stock, valued at $103,618.06. This represents a 50.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.36% of the company’s stock.

Institutional Investors Weigh In On Five Point

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FPH. Envestnet Asset Management Inc. boosted its stake in shares of Five Point by 21.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company’s stock worth $66,000 after buying an additional 3,052 shares during the last quarter. Bfsg LLC lifted its holdings in Five Point by 8.5% in the fourth quarter. Bfsg LLC now owns 42,195 shares of the company’s stock valued at $159,000 after acquiring an additional 3,310 shares during the period. XTX Topco Ltd boosted its position in Five Point by 24.5% in the 4th quarter. XTX Topco Ltd now owns 21,079 shares of the company’s stock worth $80,000 after purchasing an additional 4,145 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Five Point by 0.4% during the 3rd quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock worth $3,975,000 after purchasing an additional 4,281 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in shares of Five Point by 14.9% during the 4th quarter. Squarepoint Ops LLC now owns 42,003 shares of the company’s stock valued at $159,000 after purchasing an additional 5,447 shares in the last quarter. 38.09% of the stock is owned by institutional investors and hedge funds.

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.