Five Point (NYSE:FPH) Trading Up 3.4% – Here’s Why

Shares of Five Point Holdings, LLC (NYSE:FPH) were up 3.4% during trading on Wednesday . The company traded as high as $5.52 and last traded at $5.51. Approximately 88,380 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 266,550 shares. The stock had previously closed at $5.33.

Analyst Upgrades and Downgrades

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

Five Point Stock Performance

The firm has a 50-day moving average price of $5.58 and a 200-day moving average price of $4.43. The stock has a market cap of $788.17 million, a P/E ratio of 5.52 and a beta of 1.59.

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

Insider Buying and Selling at Five Point

In other news, insider Kim Tobler sold 18,496 shares of the stock in a transaction 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 transaction, the insider now owns 17,927 shares of the company’s stock, valued at approximately $103,618.06. This represents a 50.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.36% of the company’s stock.

Institutional Investors Weigh In On Five Point

Hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new stake in Five Point in the fourth quarter valued at $45,000. XTX Topco Ltd acquired a new position in Five Point in the 3rd quarter valued at $70,000. Envestnet Asset Management Inc. lifted 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 valued at $66,000 after purchasing an additional 3,052 shares during the period. Jane Street Group LLC purchased a new position in Five Point during the 3rd quarter valued at about $76,000. Finally, Jump Financial LLC acquired a new position in Five Point in the 4th quarter valued at about $70,000. 38.09% of the stock is owned by hedge funds and other 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.