Wellington Management Group LLP Grows Position in Five Point Holdings, LLC $FPH

Key Points

• Wellington Management Group LLP increased its stake in Five Point Holdings, LLC by 10.3%, owning 1,030,817 shares valued at approximately $5.51 million as of the end of the last quarter.
• Five Point reported $0.05 earnings per share with revenue of $7.47 million for the most recent quarter, resulting in a net margin of 39.43%.
• Despite previous "strong-buy" ratings, analysts, including Wall Street Zen, have downgraded Five Point to a "hold" rating, with a consensus rating still at "Buy".

Wellington Management Group LLP increased its position in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,030,817 shares of the company's stock after acquiring an additional 96,300 shares during the period. Wellington Management Group LLP owned about 0.69% of Five Point worth $5,505,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in Five Point during the 4th quarter worth about $45,000. Virtu Financial LLC purchased a new stake in Five Point during the 1st quarter worth about $65,000. Envestnet Asset Management Inc. increased its holdings in Five Point by 21.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company's stock worth $66,000 after purchasing an additional 3,052 shares during the period. Wolverine Trading LLC purchased a new stake in Five Point during the 4th quarter worth about $74,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Five Point during the 1st quarter worth about $79,000. Institutional investors and hedge funds own 38.09% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Five Point from a "strong-buy" rating to a "hold" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy".

Five Point Price Performance

Shares of FPH traded down $0.04 during mid-day trading on Friday, reaching $5.69. The company's stock had a trading volume of 103,449 shares, compared to its average volume of 150,263. Five Point Holdings, LLC has a 12-month low of $3.10 and a 12-month high of $6.71. The stock has a market cap of $848.98 million, a PE ratio of 5.22 and a beta of 1.55. The company's 50 day moving average is $5.69 and its 200 day moving average is $5.49.

Five Point (NYSE:FPH - Get Free Report) last released its quarterly earnings data 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 business 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.