Five Point Holdings, LLC $FPH Shares Bought by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in Five Point Holdings, LLC by 110.6%, acquiring a total of 151,383 shares valued at approximately $808,000.
• Institutional investors and hedge funds now own 38.09% of Five Point's stock, demonstrating significant interest from major financial firms.
• Analyst ratings for Five Point have shifted, with Wall Street Zen downgrading the stock from a "strong-buy" to a "hold" rating.

Cubist Systematic Strategies LLC boosted its holdings in Five Point Holdings, LLC (NYSE:FPH - Free Report) by 110.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151,383 shares of the company's stock after purchasing an additional 79,491 shares during the period. Cubist Systematic Strategies LLC owned about 0.10% of Five Point worth $808,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in Five Point by 66.3% in the first quarter. Royal Bank of Canada now owns 89,847 shares of the company's stock valued at $481,000 after purchasing an additional 35,818 shares during the last quarter. Corsair Capital Management L.P. bought a new position in Five Point during the 1st quarter worth approximately $481,000. Trexquant Investment LP bought a new position in Five Point during the 1st quarter worth approximately $254,000. Walleye Capital LLC lifted its holdings in Five Point by 4.7% during the 1st quarter. Walleye Capital LLC now owns 49,824 shares of the company's stock worth $266,000 after buying an additional 2,248 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in Five Point by 48.2% during the 1st quarter. Jump Financial LLC now owns 27,400 shares of the company's stock worth $146,000 after buying an additional 8,914 shares during the last quarter. Hedge funds and other institutional investors own 38.09% of the company's stock.

Wall Street Analysts Forecast Growth

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

Five Point Trading Down 0.1%

FPH traded down $0.01 during trading hours on Monday, hitting $5.96. The company's stock had a trading volume of 30,305 shares, compared to its average volume of 249,683. Five Point Holdings, LLC has a fifty-two week low of $3.13 and a fifty-two week high of $6.71. The firm has a market capitalization of $887.89 million, a PE ratio of 5.46 and a beta of 1.55. The company has a 50-day simple moving average of $5.72 and a 200 day simple moving average of $5.51.

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

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.