TCW Group Inc. Sells 189,694 Shares of 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. trimmed its holdings in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 16.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 978,743 shares of the company's stock after selling 189,694 shares during the period. TCW Group Inc. owned approximately 0.66% of Five Point worth $5,226,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of FPH. Raymond James Financial Inc. acquired a new position in shares of Five Point during the fourth quarter valued at about $1,274,000. American Century Companies Inc. acquired a new position in Five Point during the 4th quarter worth approximately $166,000. LPL Financial LLC raised its stake in Five Point by 20.4% during the 4th quarter. LPL Financial LLC now owns 87,796 shares of the company's stock worth $332,000 after buying an additional 14,852 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Five Point by 2,431.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 436,686 shares of the company's stock valued at $1,651,000 after acquiring an additional 419,436 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Five Point by 16.5% during the fourth quarter. Wells Fargo & Company MN now owns 354,240 shares of the company's stock valued at $1,339,000 after acquiring an additional 50,077 shares in the last quarter. 38.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Five Point from a "strong-buy" rating to a "hold" rating in a research report on Saturday, July 26th.

Five Point Trading Up 1.9%

Five Point stock traded up $0.10 during trading on Thursday, hitting $5.38. 118,057 shares of the company were exchanged, compared to its average volume of 270,670. The company has a market capitalization of $800.06 million, a P/E ratio of 4.91 and a beta of 1.53. The business's 50 day moving average is $5.70 and its 200 day moving average is $5.46. Five Point Holdings, LLC has a 52 week low of $2.89 and a 52 week high of $6.71.

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