Five Point (NYSE:FPH) Stock Price Down 5% – Here’s What Happened

Five Point Holdings, LLC (NYSE:FPH) shares traded down 5% during trading on Monday . The company traded as low as $5.38 and last traded at $5.39. 55,455 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 277,399 shares. The stock had previously closed at $5.68.

Wall Street Analysts Forecast Growth

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

Five Point Stock Down 5.4 %

The company’s 50-day moving average price is $5.28 and its 200-day moving average price is $4.64. The firm has a market cap of $799.33 million, a price-to-earnings ratio of 5.59 and a beta of 1.46.

Five Point (NYSE:FPH) last issued its earnings results on Thursday, April 24th. The company reported $0.32 earnings per share for the quarter. The company had revenue of $13.16 million for the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%.

Insiders Place Their Bets

In other Five Point news, insider Kim Tobler sold 18,496 shares of the company’s stock in a transaction that occurred on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total transaction of $106,906.88. Following the sale, the insider now owns 17,927 shares in the company, valued at $103,618.06. This represents a 50.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 21.49% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five Point

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPH. O Keefe Stevens Advisory Inc. increased its stake in Five Point by 8.1% in 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 in the last quarter. Jane Street Group LLC bought a new stake in Five Point during the third quarter worth approximately $76,000. SG Americas Securities LLC acquired a new position in shares of Five Point during the fourth quarter worth approximately $80,000. Raymond James Financial Inc. acquired a new position in shares of Five Point during the fourth quarter worth approximately $1,274,000. Finally, Robotti Robert raised its stake in shares of Five Point by 1.1% in the fourth quarter. Robotti Robert now owns 6,779,047 shares of the company’s stock valued at $25,625,000 after purchasing an additional 75,000 shares in the last quarter. 38.09% of the stock is owned by institutional investors.

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.