American Century Companies Inc. Purchases 49,263 Shares of Five Point Holdings, LLC $FPH

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. raised its position in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 112.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,245 shares of the company's stock after acquiring an additional 49,263 shares during the period. American Century Companies Inc. owned approximately 0.06% of Five Point worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of FPH. Dimensional Fund Advisors LP raised its holdings in shares of Five Point by 26.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 947,949 shares of the company's stock worth $3,583,000 after acquiring an additional 198,103 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in Five Point by 313.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 71,892 shares of the company's stock valued at $272,000 after buying an additional 54,516 shares during the period. O Keefe Stevens Advisory Inc. raised its holdings in Five Point by 2.5% during the 1st quarter. O Keefe Stevens Advisory Inc. now owns 2,236,313 shares of the company's stock valued at $11,942,000 after buying an additional 54,141 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Five Point by 82.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 91,851 shares of the company's stock valued at $490,000 after buying an additional 41,580 shares during the period. Finally, ACR Alpine Capital Research LLC raised its holdings in Five Point by 3.4% during the 1st quarter. ACR Alpine Capital Research LLC now owns 998,198 shares of the company's stock valued at $5,330,000 after buying an additional 32,540 shares during the period. 38.09% of the stock is owned by hedge funds and other institutional investors.

Five Point Stock Performance

Five Point stock traded up $0.09 during mid-day trading on Thursday, hitting $5.98. The company's stock had a trading volume of 272,584 shares, compared to its average volume of 132,234. The company has a 50 day moving average of $5.72 and a 200-day moving average of $5.50. The stock has a market cap of $891.62 million, a PE ratio of 5.49 and a beta of 1.55. Five Point Holdings, LLC has a one year low of $3.13 and a one year high of $6.71.

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

Wall Street Analyst Weigh In

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

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.