Five Point Holdings, LLC $FPH Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Five Point Holdings, LLC by 4.0%, selling 142,166 shares and now owning approximately 2.31% of the company, valued at $18,362,000.
• Wall Street analyst ratings for Five Point changed from a "strong-buy" to a "hold," although there remains one "Buy" rating among analysts, contributing to a consensus rating of "Buy."
• Five Point Holdings reported quarterly earnings of $0.05 per share, with a net margin of 39.43% and revenue of $7.47 million for the quarter ended July 24.

The Manufacturers Life Insurance Company lowered its stake in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,438,565 shares of the company's stock after selling 142,166 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 2.31% of Five Point worth $18,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Trexquant Investment LP acquired a new stake in shares of Five Point during the first quarter worth approximately $254,000. Walleye Capital LLC raised its stake in Five Point by 4.7% during the first quarter. Walleye Capital LLC now owns 49,824 shares of the company's stock valued at $266,000 after buying an additional 2,248 shares in the last quarter. Jump Financial LLC raised its stake in Five Point by 48.2% during the first quarter. Jump Financial LLC now owns 27,400 shares of the company's stock valued at $146,000 after buying an additional 8,914 shares in the last quarter. Wellington Management Group LLP raised its stake in Five Point by 10.3% during the first quarter. Wellington Management Group LLP now owns 1,030,817 shares of the company's stock valued at $5,505,000 after buying an additional 96,300 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in Five Point during the first quarter valued at approximately $169,000. Institutional investors and hedge funds own 38.09% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Five Point from a "strong-buy" rating to a "hold" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy".

Five Point Stock Up 1.4%

FPH stock traded up $0.08 during midday trading on Monday, reaching $5.76. The company had a trading volume of 22,965 shares, compared to its average volume of 251,814. The stock has a 50 day moving average price of $5.70 and a 200 day moving average price of $5.49. Five Point Holdings, LLC has a fifty-two week low of $3.13 and a fifty-two week high of $6.71. The firm has a market capitalization of $858.82 million, a PE ratio of 5.29 and a beta of 1.55.

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 company 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.