Glendon Capital Management LP Reduces Stake in Five Point Holdings, LLC $FPH

Key Points

• Glendon Capital Management LP has reduced its stake in Five Point Holdings by 2.9% to approximately 1,658,375 shares after selling 50,000 shares in the latest quarter, representing 0.5% of its overall portfolio.
• Five Point Holdings reported earnings of $0.05 per share and a revenue of $7.47 million for the quarter, while analysts have recently downgraded the stock from a "strong-buy" to a "hold" rating.
• The company's shares are currently priced at $5.5050, with a market capitalization of $820.77 million and a 12-month low of $3.03 and high of $6.71.

Glendon Capital Management LP lessened its holdings in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 2.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,658,375 shares of the company's stock after selling 50,000 shares during the period. Five Point accounts for approximately 0.5% of Glendon Capital Management LP's holdings, making the stock its 14th biggest position. Glendon Capital Management LP owned 1.12% of Five Point worth $8,856,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new position in Five Point in the 4th quarter valued at approximately $45,000. Virtu Financial LLC acquired a new stake in Five Point in the 1st quarter valued at about $65,000. Kapitalo Investimentos Ltda bought a new position in shares of Five Point in the 1st quarter valued at about $79,000. Envestnet Asset Management Inc. boosted its stake in Five Point by 21.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company's stock worth $66,000 after acquiring an additional 3,052 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Five Point in the fourth quarter valued at approximately $70,000. 38.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of 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, According to MarketBeat, the stock presently has a consensus rating of "Buy".

Five Point Stock Up 0.6%

Shares of NYSE FPH traded up $0.04 during trading on Wednesday, reaching $5.62. The company had a trading volume of 34,769 shares, compared to its average volume of 257,784. Five Point Holdings, LLC has a 12-month low of $3.10 and a 12-month high of $6.71. The stock has a market cap of $837.20 million, a PE ratio of 5.15 and a beta of 1.53. The business's 50-day moving average is $5.68 and its 200 day moving average is $5.50.

Five Point (NYSE:FPH - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.05 earnings per share (EPS) 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 for the quarter.

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.