Five Point (NYSE:FPH) Trading Down 0.3% – Here’s Why

Five Point Holdings, LLC (NYSE:FPH) fell 0.3% during trading on Tuesday . The stock traded as low as $5.03 and last traded at $5.0660. 65,709 shares were traded during mid-day trading, a decline of 66% from the average session volume of 191,215 shares. The stock had previously closed at $5.08.

Analyst Ratings Changes

Separately, Weiss Ratings cut Five Point from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Five Point currently has an average rating of “Hold”.

Five Point Trading Down 0.3%

The company has a 50 day moving average price of $4.97 and a 200 day moving average price of $5.33. The company has a market capitalization of $752.30 million, a price-to-earnings ratio of 8.30 and a beta of 1.33.

Five Point (NYSE:FPH) last announced its quarterly earnings data on Thursday, April 23rd. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Five Point had a return on equity of 1.99% and a net margin of 41.16%.The business had revenue of $13.58 million during the quarter, compared to analysts’ expectations of $8.61 million.

Institutional Investors Weigh In On Five Point

A number of institutional investors have recently made changes to their positions in FPH. Saber Capital Managment LLC acquired a new stake in shares of Five Point during the fourth quarter worth $2,247,000. Robotti Robert grew its stake in shares of Five Point by 2.7% during the third quarter. Robotti Robert now owns 6,964,320 shares of the company’s stock worth $42,691,000 after purchasing an additional 185,273 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Five Point during the first quarter worth $823,000. Millennium Management LLC acquired a new stake in shares of Five Point during the fourth quarter worth $748,000. Finally, Flax Pond Capital LLC acquired a new stake in shares of Five Point during the fourth quarter worth $699,000. 38.09% of the stock is owned by institutional investors and hedge funds.

About Five Point

Five Point Holdings, L.P. (NYSE:FPH) is a California?based master planned community developer specializing in residential, commercial and mixed?use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single?family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large?scale, long-term projects.