The Manufacturers Life Insurance Company Has $16.07 Million Stock Holdings in Five Point Holdings, LLC (NYSE:FPH)

The Manufacturers Life Insurance Company lowered its stake in Five Point Holdings, LLC (NYSE:FPH) by 4.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,872,075 shares of the company’s stock after selling 181,970 shares during the period. The Manufacturers Life Insurance Company’s holdings in Five Point were worth $16,069,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pure Financial Advisors LLC bought a new position in shares of Five Point in the 3rd quarter valued at $73,000. WINTON GROUP Ltd increased 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 purchasing an additional 17,196 shares in the last quarter. Choreo LLC acquired a new stake in shares of Five Point during the second quarter valued at about $293,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of 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 worth $367,000 after purchasing an additional 50,234 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Five Point by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock valued at $1,928,000 after buying an additional 77,369 shares during the period. Institutional investors own 38.09% of the company’s stock.

Insider Buying and Selling at Five Point

In other news, major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of the company’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 sale, the insider now directly owns 4,248 shares of the company’s stock, valued at approximately $13,296.24. This represents a 99.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sam Levinson bought 3,283,024 shares of the 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 purchase, the director now directly owns 6,219,241 shares of the company’s stock, valued at $19,590,609.15. The trade was a 111.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 9,104,569 shares of company stock worth $28,529,747. Insiders own 4.36% of the company’s stock.

Five Point Price Performance

NYSE:FPH opened at $4.06 on Monday. Five Point Holdings, LLC has a one year low of $2.38 and a one year high of $4.39. The firm’s 50 day simple moving average is $3.95 and its 200 day simple moving average is $3.41. The company has a market cap of $602.06 million, a PE ratio of 5.80 and a beta of 1.47.

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

Five Point 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.