Five Point Holdings, LLC (NYSE:FPH) Sees Large Growth in Short Interest

Five Point Holdings, LLC (NYSE:FPH) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 85,200 shares, a growth of 9.7% from the August 15th total of 77,700 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 75,300 shares, the days-to-cover ratio is presently 1.1 days.

Insider Buying and Selling at Five Point

In other Five Point news, major shareholder Luxor Capital Group, Lp sold 106,984 shares of Five Point stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $3.12, for a total value of $333,790.08. Following the completion of the sale, the insider now directly owns 54,928 shares in the company, valued at $171,375.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.36% of the company’s stock.

Institutional Trading of Five Point

Institutional investors and hedge funds have recently modified their holdings of the company. Hillsdale Investment Management Inc. lifted its stake in shares of Five Point by 12.6% in the first quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock worth $140,000 after buying an additional 5,000 shares during the last quarter. TCW Group Inc. lifted its stake in shares of Five Point by 0.4% in the second quarter. TCW Group Inc. now owns 1,133,537 shares of the company’s stock worth $3,321,000 after buying an additional 5,000 shares during the last quarter. Choreo LLC acquired a new stake in shares of Five Point in the second quarter worth $293,000. ACR Alpine Capital Research LLC raised its stake in Five Point by 19.3% during the 1st quarter. ACR Alpine Capital Research LLC now owns 828,123 shares of the company’s stock valued at $2,592,000 after purchasing an additional 133,898 shares during the last quarter. Finally, Private Management Group Inc. raised its stake in Five Point by 2.5% during the 2nd quarter. Private Management Group Inc. now owns 5,023,874 shares of the company’s stock valued at $14,720,000 after purchasing an additional 124,806 shares during the last quarter. 38.09% of the stock is currently owned by institutional investors and hedge funds.

Five Point Trading Up 0.6 %

NYSE FPH traded up $0.02 during trading on Wednesday, reaching $3.36. The company’s stock had a trading volume of 132,284 shares, compared to its average volume of 83,155. The business has a 50-day moving average price of $3.14 and a 200-day moving average price of $3.10. Five Point has a 1-year low of $2.13 and a 1-year high of $3.60. The stock has a market capitalization of $498.25 million, a PE ratio of 3.94 and a beta of 1.45.

Five Point (NYSE:FPH) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.21 earnings per share for the quarter. Five Point had a net margin of 21.73% and a return on equity of 2.70%. The business had revenue of $51.19 million during the quarter.

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.