Five Point Holdings, LLC (NYSE:FPH) Position Reduced by Luxor Capital Group LP

Luxor Capital Group LP trimmed its position in Five Point Holdings, LLC (NYSE:FPH) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,217,461 shares of the company’s stock after selling 314,832 shares during the quarter. Five Point makes up approximately 2.1% of Luxor Capital Group LP’s portfolio, making the stock its 11th largest position. Luxor Capital Group LP owned approximately 0.07% of Five Point worth $29,937,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in FPH. WINTON GROUP Ltd boosted its position in Five Point by 89.3% during 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. Hillsdale Investment Management Inc. raised its holdings in shares of Five Point by 12.6% during 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 in the last quarter. Choreo LLC purchased a new position in Five Point in the second quarter valued at about $293,000. Park West Asset Management LLC increased its position in Five Point by 75.0% in the 4th quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock worth $1,074,000 after purchasing an additional 150,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Five Point by 13.3% during the 2nd 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 in the last quarter. 38.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Luxor Capital Group, Lp sold 47,011 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $3.42, for a total transaction of $160,777.62. Following the completion of the sale, the insider now owns 54,543 shares in the company, valued at approximately $186,537.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold 9,214,153 shares of company stock valued at $28,871,935 over the last quarter. Insiders own 4.36% of the company’s stock.

Five Point Stock Performance

Shares of NYSE FPH opened at $3.57 on Friday. The stock has a market cap of $529.40 million, a price-to-earnings ratio of 4.20 and a beta of 1.45. The business has a 50 day simple moving average of $3.20 and a 200 day simple moving average of $3.12. Five Point Holdings, LLC has a 52 week low of $2.13 and a 52 week high of $3.63.

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

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.