Trexquant Investment LP Purchases Shares of 47,600 Five Point Holdings, LLC $FPH

Key Points

• Trexquant Investment LP has invested approximately $254,000 in Five Point Holdings, acquiring 47,600 shares of the company.
• Five Point Holdings recently saw a downgrade from a "strong-buy" to a "hold" rating by Wall Street Zen, with a current consensus rating of "Buy" among analysts.
• The company reported a revenue of $7.47 million and an earnings per share of $0.05 for the last quarter, reflecting a net margin of 39.43%.

Trexquant Investment LP acquired a new position in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 47,600 shares of the company's stock, valued at approximately $254,000.

Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC bought a new position in shares of Five Point during the fourth quarter worth about $45,000. Virtu Financial LLC bought a new position in Five Point in the first quarter valued at approximately $65,000. Wolverine Trading LLC bought a new position in Five Point in the fourth quarter valued at approximately $74,000. Kapitalo Investimentos Ltda bought a new position in Five Point in the first quarter valued at approximately $79,000. Finally, Jump Financial LLC grew its stake in Five Point by 48.2% in the first quarter. Jump Financial LLC now owns 27,400 shares of the company's stock valued at $146,000 after purchasing an additional 8,914 shares in the last quarter. 38.09% of the stock is currently owned by institutional investors.

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, July 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy".

Five Point Trading Up 0.7%

NYSE FPH traded up $0.04 during midday trading on Monday, hitting $6.00. The company had a trading volume of 23,742 shares, compared to its average volume of 249,659. Five Point Holdings, LLC has a twelve month low of $3.13 and a twelve month high of $6.71. The firm has a 50-day moving average price of $5.72 and a 200-day moving average price of $5.51. The company has a market capitalization of $894.60 million, a PE ratio of 5.50 and a beta of 1.55.

Five Point (NYSE:FPH - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.05 earnings per share (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 for the quarter.

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.