Five Point (NYSE:FPH) Shares Up 4.3% – Here’s Why

Five Point Holdings, LLC (NYSE:FPH) traded up 4.3% during mid-day trading on Tuesday . The company traded as high as $6.17 and last traded at $6.17. 108,762 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 577,980 shares. The stock had previously closed at $5.91.

Analyst Upgrades and Downgrades

Separately, Zelman & Associates raised 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 market cap of $889.00 million, a PE ratio of 6.23 and a beta of 1.54. The firm has a fifty day simple moving average of $4.34 and a two-hundred day simple moving average of $3.87.

Five Point (NYSE:FPH) last announced its quarterly 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%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Management Group Inc. boosted its holdings in shares of Five Point by 9.8% in the 4th quarter. Private Management Group Inc. now owns 5,525,607 shares of the company’s stock worth $20,887,000 after purchasing an additional 493,138 shares during the period. O Keefe Stevens Advisory Inc. increased its position in Five Point by 8.1% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company’s stock valued at $8,249,000 after acquiring an additional 163,647 shares during the last quarter. TCW Group Inc. raised its stake in shares of Five Point by 3.1% in the third quarter. TCW Group Inc. now owns 1,168,437 shares of the company’s stock valued at $4,849,000 after acquiring an additional 34,900 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Five Point by 0.4% in the 3rd quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock worth $3,975,000 after acquiring an additional 4,281 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Five Point during the 4th quarter worth about $1,274,000. Hedge funds and other institutional investors own 38.09% of the company’s stock.

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.