Five Point Holdings, LLC $FPH Holdings Lifted by Private Management Group Inc.

Key Points

• Private Management Group increased its Five Point stake by 15.5% in the third quarter, adding 814,425 shares to hold 6.07 million shares, or 4.10% of the company. Institutional investors collectively own 38.09% of the stock.
• Five Point reported quarterly earnings of $0.04 per share in losses, matching estimates, while revenue of $14.62 million exceeded the $8.61 million consensus forecast.
• Analyst sentiment is negative: Weiss Ratings downgraded Five Point to “sell,” and MarketBeat data showed an average rating of “Sell.”

Private Management Group Inc. raised its position in Five Point Holdings, LLC (NYSE:FPH - Free Report) by 15.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,072,182 shares of the company's stock after purchasing an additional 814,425 shares during the period. Private Management Group Inc. owned 4.10% of Five Point worth $28,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Robotti Robert purchased a new stake in shares of Five Point during the 2nd quarter worth $36,702,000. O Keefe Stevens Advisory Inc. increased its holdings in Five Point by 7.6% in the third quarter. O Keefe Stevens Advisory Inc. now owns 2,982,033 shares of the company's stock valued at $13,956,000 after buying an additional 210,413 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Five Point by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,380,446 shares of the company's stock valued at $6,681,000 after buying an additional 3,500 shares in the last quarter. ACR Alpine Capital Research LLC raised its stake in Five Point by 9.5% in the third quarter. ACR Alpine Capital Research LLC now owns 1,411,192 shares of the company's stock valued at $6,604,000 after buying an additional 122,392 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Five Point by 5.3% in the first quarter. Renaissance Technologies LLC now owns 270,162 shares of the company's stock valued at $1,308,000 after buying an additional 13,662 shares in the last quarter. 38.09% of the stock is owned by hedge funds and other institutional investors.

Five Point Stock Up 4.5%

Shares of Five Point stock opened at $4.45 on Tuesday. The firm has a market capitalization of $658.69 million, a P/E ratio of 11.41 and a beta of 1.44. Five Point Holdings, LLC has a 52 week low of $4.02 and a 52 week high of $6.47. The firm's 50 day moving average is $4.63 and its two-hundred day moving average is $5.02.

Five Point (NYSE:FPH - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $14.62 million during the quarter, compared to the consensus estimate of $8.61 million. Five Point had a net margin of 24.87% and a return on equity of 1.26%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Five Point from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of "Sell".

Five Point Company Profile

Five Point Holdings, LLC is a California-based real estate development company focused on creating large, master-planned communities. The company typically acquires and entitles land, develops infrastructure and public amenities, and sells residential and commercial land to homebuilders and other developers rather than constructing most homes itself.

Its major developments have included Great Park Neighborhoods in Irvine, California, and Valencia, a master-planned community in the Santa Clarita Valley associated with the Newhall Ranch project.

Want to see what other hedge funds are holding FPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Point Holdings, LLC (NYSE:FPH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.