Five Point (NYSE:FPH) Sees Large Volume Increase – Here’s What Happened

Five Point Holdings, LLC (NYSE:FPH) shares saw strong trading volume on Tuesday . 178,452 shares traded hands during trading, a decline of 9% from the previous session’s volume of 195,174 shares.The stock last traded at $3.79 and had previously closed at $3.63.

Five Point Trading Up 4.7 %

The stock’s 50-day moving average price is $3.85 and its 200-day moving average price is $3.50. The company has a market capitalization of $563.50 million, a P/E ratio of 5.43 and a beta of 1.45.

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

Insider Activity at Five Point

In other Five Point news, Director Sam Levinson acquired 3,283,024 shares of Five Point stock in a transaction dated Tuesday, October 22nd. The stock was bought at an average price of $3.15 per share, for a total transaction of $10,341,525.60. Following the transaction, the director now owns 6,219,241 shares in the company, valued at approximately $19,590,609.15. This trade represents a 111.81 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.36% of the company’s stock.

Institutional Investors Weigh In On Five Point

A number of institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in Five Point during the third quarter worth $70,000. Pure Financial Advisors LLC acquired a new stake in shares of Five Point in the third quarter worth $73,000. Jane Street Group LLC acquired a new stake in shares of Five Point in the third quarter worth $76,000. Virtu Financial LLC acquired a new position in Five Point in the 3rd quarter valued at $105,000. Finally, WINTON GROUP Ltd raised its holdings in Five Point by 89.3% in the 2nd quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock worth $107,000 after acquiring an additional 17,196 shares during the period. Institutional investors and hedge funds 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.