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

Five Point Holdings, LLC (NYSE:FPH) was down 3.2% on Monday . The stock traded as low as $5.35 and last traded at $5.37. Approximately 101,024 shares were traded during trading, a decline of 62% from the average daily volume of 264,904 shares. The stock had previously closed at $5.55.

Analyst Upgrades and Downgrades

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

Five Point Stock Performance

The firm has a 50-day moving average of $5.25 and a 200-day moving average of $4.29. The firm has a market capitalization of $800.81 million, a P/E ratio of 5.61 and a beta of 1.59.

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

Insider Transactions at Five Point

In other Five Point news, insider Kim Tobler sold 18,496 shares of Five Point stock in a transaction on Saturday, March 8th. The shares were sold at an average price of $5.78, for a total transaction of $106,906.88. Following the completion of the transaction, the insider now directly owns 17,927 shares of the company’s stock, valued at $103,618.06. The trade was a 50.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.36% of the company’s stock.

Institutional Trading of Five Point

Several institutional investors and hedge funds have recently made changes to their positions in the business. Robotti Robert boosted its position in Five Point by 1.1% during 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. Private Management Group Inc. boosted its holdings in Five Point by 9.8% in the fourth quarter. Private Management Group Inc. now owns 5,525,607 shares of the company’s stock valued at $20,887,000 after purchasing an additional 493,138 shares during the last quarter. Bank of America Corp DE grew its holdings in Five Point by 0.3% during the fourth quarter. Bank of America Corp DE now owns 2,848,981 shares of the company’s stock worth $10,769,000 after acquiring an additional 7,666 shares during the period. O Keefe Stevens Advisory Inc. increased its stake in shares of 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 valued at $8,249,000 after purchasing an additional 163,647 shares in the last quarter. Finally, TCW Group Inc. raised its holdings in Five Point by 3.1% in the 3rd quarter. TCW Group Inc. now owns 1,168,437 shares of the company’s stock worth $4,849,000 after purchasing an additional 34,900 shares during the period. 38.09% of the stock is currently owned by institutional investors.

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.