Five Point Holdings, LLC (NYSE:FPH) Holdings Trimmed by Private Management Group Inc.

Key Points

• Private Management Group Inc. has decreased its holdings in Five Point Holdings, LLC by 2.3%, now owning 5,396,225 shares valued at approximately $28.8 million.
• Other institutional investors, including Envestnet Asset Management and XTX Topco Ltd, have increased their stakes in Five Point, with hedge funds now owning 38.09% of the stock.
• Five Point's stock opened at $6.47, with a market capitalization of $961.71 million and a reported earnings per share of $0.05 for the last quarter.

Private Management Group Inc. reduced its position in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,396,225 shares of the company's stock after selling 129,382 shares during the period. Private Management Group Inc. owned about 3.63% of Five Point worth $28,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake 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 buying an additional 198,103 shares during the last quarter. Bank of America Corp DE grew its stake 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 buying an additional 7,666 shares during the last quarter. Squarepoint Ops LLC grew its stake in Five Point by 14.9% during the 4th quarter. Squarepoint Ops LLC now owns 42,003 shares of the company's stock worth $159,000 after buying an additional 5,447 shares during the last quarter. Lazard Asset Management LLC bought a new position in Five Point during the 4th quarter worth $45,000. Finally, Millennium Management LLC grew its stake in Five Point by 11.3% during the 4th quarter. Millennium Management LLC now owns 270,955 shares of the company's stock worth $1,024,000 after buying an additional 27,531 shares during the last quarter. 38.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Five Point from a "strong-buy" rating to a "hold" rating in a research note on Saturday.

Five Point Stock Performance

Shares of NYSE:FPH traded down $0.36 on Tuesday, hitting $5.22. The company's stock had a trading volume of 419,600 shares, compared to its average volume of 269,520. Five Point Holdings, LLC has a 12 month low of $2.89 and a 12 month high of $6.71. The company has a market capitalization of $776.27 million, a price-to-earnings ratio of 4.79 and a beta of 1.53. The stock's 50-day moving average is $5.71 and its two-hundred day moving average is $5.46.

Five Point (NYSE:FPH - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.05 EPS for the quarter. Five Point had a net margin of 39.43% and a return on equity of 3.64%. The firm had revenue of $7.47 million for the quarter.

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.