90,021 Shares in Five Point Holdings, LLC $FPH Purchased by Corsair Capital Management L.P.

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. acquired a new position in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 90,021 shares of the company's stock, valued at approximately $481,000. Corsair Capital Management L.P. owned 0.06% of Five Point at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in Five Point by 0.3% during the 4th quarter. Bank of America Corp DE now owns 2,848,981 shares of the company's stock worth $10,769,000 after purchasing an additional 7,666 shares in the last quarter. O Keefe Stevens Advisory Inc. increased 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 worth $11,942,000 after purchasing an additional 54,141 shares in the last quarter. Wellington Management Group LLP increased its holdings in Five Point by 10.3% during the 1st quarter. Wellington Management Group LLP now owns 1,030,817 shares of the company's stock worth $5,505,000 after purchasing an additional 96,300 shares in the last quarter. ACR Alpine Capital Research LLC increased 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 worth $5,330,000 after purchasing an additional 32,540 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in 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 purchasing an additional 198,103 shares in the last quarter. Institutional investors own 38.09% of the company's stock.

Five Point Trading Down 0.8%

Shares of NYSE FPH traded down $0.05 during mid-day trading on Wednesday, hitting $5.59. The company had a trading volume of 62,039 shares, compared to its average volume of 254,357. The company has a market capitalization of $834.07 million, a PE ratio of 5.13 and a beta of 1.55. The firm has a 50-day simple moving average of $5.69 and a two-hundred day simple moving average of $5.49. 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 earnings per share for the quarter. Five Point had a return on equity of 3.61% and a net margin of 39.43%.The company had revenue of $7.47 million during the quarter.

Analyst Upgrades and Downgrades

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

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.