Corsair Capital Management L.P. Purchases Shares of 90,021 Five Point Holdings, LLC $FPH

Key Points

• Corsair Capital Management L.P. has acquired 90,021 shares of Five Point Holdings, LLC, valued at approximately $481,000, increasing its ownership to 0.06% of the company.
• Multiple institutional investors, including Envestnet Asset Management and Dimensional Fund Advisors, have significantly increased their positions in Five Point Holdings, leading to a total institutional ownership of 38.09%.
• Five Point Holdings reported a net margin of 39.43% and revenue of $7.47 million for the latest quarter, with recent stock performance showing a one-year range between $3.10 and $6.71.

Corsair Capital Management L.P. purchased a new position in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 90,021 shares of the company's stock, valued at approximately $481,000. Corsair Capital Management L.P. owned 0.06% of Five Point as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in Five Point by 21.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company's stock worth $66,000 after buying an additional 3,052 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Five Point during the 4th quarter valued at about $1,274,000. XTX Topco Ltd lifted its holdings in shares of Five Point by 24.5% during the 4th quarter. XTX Topco Ltd now owns 21,079 shares of the company's stock worth $80,000 after acquiring an additional 4,145 shares during the period. Marshall Wace LLP boosted its position in shares of Five Point by 120.7% in the fourth quarter. Marshall Wace LLP now owns 72,036 shares of the company's stock worth $272,000 after acquiring an additional 39,391 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Five Point by 26.4% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 38.09% of the company's stock.

Five Point Stock Performance

Shares of FPH stock opened at $5.72 on Friday. Five Point Holdings, LLC has a one year low of $3.10 and a one year high of $6.71. The company has a 50 day moving average price of $5.69 and a 200 day moving average price of $5.50. The firm has a market capitalization of $853.45 million, a price-to-earnings ratio of 5.25 and a beta of 1.53.

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

Analysts Set New Price Targets

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

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.

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