Five Point (NYSE:FPH) Trading Up 6.2%

Five Point Holdings, LLC (NYSE:FPH) traded up 6.2% during trading on Friday . The company traded as high as $3.80 and last traded at $3.79. 496,619 shares changed hands during mid-day trading, an increase of 177% from the average session volume of 179,317 shares. The stock had previously closed at $3.57.

Five Point Stock Up 12.6 %

The firm has a fifty day moving average price of $3.20 and a two-hundred day moving average price of $3.12. The stock has a market capitalization of $596.13 million, a P/E ratio of 4.44 and a beta of 1.45.

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

Insider Buying and Selling

In related news, major shareholder Luxor Capital Group, Lp sold 47,011 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $3.42, for a total transaction of $160,777.62. Following the sale, the insider now directly owns 54,543 shares of the company’s stock, valued at $186,537.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 9,214,153 shares of company stock worth $28,871,935 in the last three months. Insiders own 4.36% of the company’s stock.

Institutional Investors Weigh In On Five Point

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd lifted its holdings in shares of Five Point by 89.3% during the 2nd quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock valued at $107,000 after buying an additional 17,196 shares during the period. Hillsdale Investment Management Inc. grew its holdings 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 acquiring an additional 5,000 shares during the period. Choreo LLC purchased a new stake in Five Point during the second quarter valued at $293,000. Park West Asset Management LLC lifted its holdings in Five Point by 75.0% in the fourth quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock valued at $1,074,000 after acquiring an additional 150,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Five Point by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after purchasing an additional 77,369 shares during the last quarter. Hedge funds and other institutional investors own 38.09% of the company’s stock.

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.