Five Point Holdings, LLC $FPH Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. has increased its stake in Five Point Holdings, LLC by 112%, owning 93,245 shares valued at $498,000 following the acquisition of 49,263 additional shares during the first quarter.
• The stock has shown fluctuations with a 1-year low of $3.13 and a 1-year high of $6.71, currently trading at $5.70.
• Wall Street Zen has downgraded Five Point's rating from "strong-buy" to "hold," though the stock retains an average rating of "Buy" from other analysts.

American Century Companies Inc. increased its holdings in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 112.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,245 shares of the company's stock after buying an additional 49,263 shares during the period. American Century Companies Inc. owned about 0.06% of Five Point worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FPH. Lazard Asset Management LLC purchased a new position in shares of Five Point during the 4th quarter valued at approximately $45,000. Virtu Financial LLC purchased a new position in shares of Five Point during the 1st quarter valued at approximately $65,000. Envestnet Asset Management Inc. lifted its position in shares of Five Point by 21.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company's stock valued at $66,000 after buying an additional 3,052 shares in the last quarter. Wolverine Trading LLC purchased a new position in shares of Five Point during the 4th quarter valued at approximately $74,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Five Point during the 1st quarter valued at approximately $79,000. Hedge funds and other institutional investors own 38.09% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Five Point from a "strong-buy" rating to a "hold" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Five Point presently has a consensus rating of "Buy".

Five Point Price Performance

NYSE FPH traded up $0.20 during mid-day trading on Monday, hitting $5.88. The stock had a trading volume of 150,908 shares, compared to its average volume of 127,553. The firm's 50 day moving average is $5.70 and its 200 day moving average is $5.49. Five Point Holdings, LLC has a twelve month low of $3.13 and a twelve month high of $6.71. The stock has a market capitalization of $876.86 million, a price-to-earnings ratio of 5.40 and a beta of 1.55.

Five Point (NYSE:FPH - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.05 earnings per share (EPS) for the quarter. Five Point had a return on equity of 3.61% and a net margin of 39.43%.The business had revenue of $7.47 million during the quarter.

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.