XTX Topco Ltd Buys Shares of 16,934 Five Point Holdings, LLC (NYSE:FPH)

XTX Topco Ltd purchased a new position in Five Point Holdings, LLC (NYSE:FPH) during the third quarter, Holdings Channel.com reports. The firm purchased 16,934 shares of the company’s stock, valued at approximately $70,000.

Other hedge funds have also modified their holdings of the company. Pure Financial Advisors LLC purchased a new position in Five Point in the third quarter valued at about $73,000. Jane Street Group LLC acquired a new stake in shares of Five Point during the 3rd quarter valued at about $76,000. WINTON GROUP Ltd grew its stake in shares of Five Point by 89.3% in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Five Point by 131.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,376 shares of the company’s stock valued at $367,000 after acquiring an additional 50,234 shares in the last quarter. Finally, Choreo LLC acquired a new stake in Five Point in the second quarter valued at approximately $293,000. 38.09% of the stock is owned by institutional investors and hedge funds.

Five Point Stock Up 4.4 %

Shares of FPH opened at $3.58 on Friday. The firm has a market cap of $530.88 million, a price-to-earnings ratio of 5.11 and a beta of 1.45. The company’s fifty day moving average is $3.91 and its 200-day moving average is $3.47. Five Point Holdings, LLC has a 12 month low of $2.60 and a 12 month high of $4.39.

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

Insider Activity

In other news, major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.13, for a total value of $28,139,854.97. Following the completion of the sale, the insider now directly owns 4,248 shares in the company, valued at approximately $13,296.24. The trade was a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sam Levinson acquired 3,283,024 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average cost of $3.15 per share, with a total value of $10,341,525.60. Following the completion of the acquisition, the director now owns 6,219,241 shares in the company, valued at $19,590,609.15. This trade represents a 111.81 % increase in their position. The disclosure for this purchase can be found here. 4.36% of the stock is currently owned by insiders.

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.