Five Point Holdings, LLC (NYSE:FPH) Short Interest Up 152.9% in December

Five Point Holdings, LLC (NYSE:FPH) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 220,300 shares, a growth of 152.9% from the December 15th total of 87,100 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 218,600 shares, the days-to-cover ratio is currently 1.0 days.

Five Point Stock Up 1.6 %

NYSE:FPH traded up $0.06 during trading hours on Wednesday, reaching $3.76. 127,277 shares of the stock were exchanged, compared to its average volume of 207,864. The business has a 50-day moving average of $3.80 and a two-hundred day moving average of $3.56. Five Point has a twelve month low of $2.73 and a twelve month high of $4.39. The company has a market capitalization of $557.57 million, a price-to-earnings ratio of 5.37 and a beta of 1.46.

Five Point (NYSE:FPH) last issued its quarterly earnings results on Thursday, October 17th. The company reported $0.07 earnings per share (EPS) for the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%. The company had revenue of $17.01 million for the quarter.

Insider Buying and Selling

In related news, Director Sam Levinson acquired 3,283,024 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average price of $3.15 per share, with a total value of $10,341,525.60. Following the transaction, the director now owns 6,219,241 shares of the company’s stock, valued at approximately $19,590,609.15. This trade represents a 111.81 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.36% of the company’s stock.

Hedge Funds Weigh In On Five Point

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. O Keefe Stevens Advisory Inc. increased its position in shares of 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 worth $8,249,000 after acquiring an additional 163,647 shares during the period. TCW Group Inc. increased its holdings in Five Point by 3.1% during 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. Wellington Management Group LLP boosted its stake 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 valued at $3,975,000 after buying an additional 4,281 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Five Point by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock valued at $1,928,000 after buying an additional 77,369 shares during the period. Finally, Choreo LLC purchased a new stake in shares of Five Point during the second quarter worth approximately $293,000. 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.