Five Point Holdings, LLC (NYSE:FPH) Short Interest Up 23.2% in February

Five Point Holdings, LLC (NYSE:FPH) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 513,400 shares, an increase of 23.2% from the February 13th total of 416,700 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 394,700 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analyst Weigh In

Separately, Zelman & Associates raised shares of Five Point from a “neutral” rating to an “outperform” rating in a research report on Monday, January 27th.

Five Point Trading Down 3.0 %

NYSE:FPH opened at $5.39 on Tuesday. Five Point has a 12 month low of $2.83 and a 12 month high of $6.71. The company has a market cap of $800.81 million, a PE ratio of 5.61 and a beta of 1.59. The company has a 50 day simple moving average of $5.28 and a two-hundred day simple moving average of $4.31.

Five Point (NYSE:FPH) last posted its earnings results on Thursday, January 23rd. The company reported $0.65 EPS for the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%.

Insider Buying and Selling

In related news, insider Kim Tobler sold 18,496 shares of the business’s stock in a transaction that occurred on Saturday, March 8th. The shares were sold at an average price of $5.78, for a total value of $106,906.88. Following the completion of the transaction, the insider now directly owns 17,927 shares in the company, valued at $103,618.06. The trade was a 50.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five Point

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of Five Point during the 3rd quarter valued at $70,000. O Keefe Stevens Advisory Inc. grew its position in shares of Five Point by 8.1% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company’s stock valued at $8,249,000 after acquiring an additional 163,647 shares during the period. SG Americas Securities LLC bought a new stake in shares of Five Point during the 4th quarter valued at $80,000. Jane Street Group LLC bought a new stake in shares of Five Point during the 3rd quarter valued at $76,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Five Point by 131.7% during the 3rd 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 during the period. Institutional investors own 38.09% of the company’s stock.

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.