Militia Capital Partners LP Has $1.49 Million Stock Position in Five Point Holdings, LLC $FPH

Key Points

• Militia Capital Partners LP reduced its stake in Five Point Holdings, LLC by 58.2%, now holding $1.49 million worth of shares, which represents 1.2% of its total holdings.
• Several other hedge funds have increased their positions in Five Point, with 38.09% of its stock currently owned by institutional investors.
• Wall Street Zen downgraded Five Point from a "strong-buy" to a "hold" rating, although the stock maintains a consensus "Buy" rating from analysts.

Militia Capital Partners LP reduced its stake in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 58.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 279,200 shares of the company's stock after selling 388,662 shares during the quarter. Five Point accounts for approximately 1.2% of Militia Capital Partners LP's holdings, making the stock its 19th largest holding. Militia Capital Partners LP owned about 0.19% of Five Point worth $1,491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Corsair Capital Management L.P. acquired a new position in shares of Five Point in the 1st quarter worth approximately $481,000. Cubist Systematic Strategies LLC grew its position in shares of Five Point by 110.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 151,383 shares of the company's stock worth $808,000 after acquiring an additional 79,491 shares in the last quarter. Bank of America Corp DE grew its position in shares of Five Point by 0.3% in the 4th quarter. Bank of America Corp DE now owns 2,848,981 shares of the company's stock worth $10,769,000 after acquiring an additional 7,666 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Five Point by 14.9% in the 4th quarter. Squarepoint Ops LLC now owns 42,003 shares of the company's stock worth $159,000 after acquiring an additional 5,447 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Five Point in the 4th quarter worth approximately $45,000. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

Five Point Trading Up 0.2%

Shares of Five Point stock traded up $0.01 on Friday, reaching $5.99. 155,350 shares of the company were exchanged, compared to its average volume of 137,591. The stock has a fifty day moving average price of $5.72 and a 200-day moving average price of $5.51. The firm has a market capitalization of $893.11 million, a price-to-earnings ratio of 5.50 and a beta of 1.55. Five Point Holdings, LLC has a fifty-two week low of $3.13 and a fifty-two week high of $6.71.

Five Point (NYSE:FPH - Get Free Report) last issued 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered 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, Based on data from MarketBeat, the company 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.