TCW Group Inc. Has $5.23 Million Stake in Five Point Holdings, LLC (NYSE:FPH)

Key Points

• TCW Group Inc. has reduced its stake in Five Point Holdings, LLC by 16.2%, now owning 978,743 shares worth approximately $5.23 million.
• Recent institutional investments include Arrowstreet Capital increasing its position by 2,431.5% and several other firms increasing their holdings significantly in the fourth quarter.
• Wall Street analysts have downgraded Five Point from a "strong-buy" to a "hold" rating, with the stock currently trading down 15.0% at $5.47.

TCW Group Inc. reduced its stake in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 16.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 978,743 shares of the company's stock after selling 189,694 shares during the period. TCW Group Inc. owned 0.66% of Five Point worth $5,226,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its position in shares of Five Point by 2,431.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 436,686 shares of the company's stock worth $1,651,000 after acquiring an additional 419,436 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Five Point during the 4th quarter valued at approximately $1,274,000. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 198,103 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in Five Point by 313.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 71,892 shares of the company's stock worth $272,000 after purchasing an additional 54,516 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. lifted its position in shares of Five Point by 2.5% in the 1st quarter. O Keefe Stevens Advisory Inc. now owns 2,236,313 shares of the company's stock worth $11,942,000 after purchasing an additional 54,141 shares during the period. 38.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Five Point from a "strong-buy" rating to a "hold" rating in a research report on Saturday.

Five Point Trading Down 15.0%

Shares of Five Point stock opened at $5.47 on Monday. The business has a 50-day moving average price of $5.71 and a two-hundred day moving average price of $5.44. Five Point Holdings, LLC has a 1-year low of $2.89 and a 1-year high of $6.71. The company has a market cap of $812.70 million, a P/E ratio of 5.01 and a beta of 1.53.

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

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.

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