Wellington Management Group LLP Acquires 96,300 Shares of 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 grew its position in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 10.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,030,817 shares of the company's stock after buying an additional 96,300 shares during the quarter. Wellington Management Group LLP owned approximately 0.69% of Five Point worth $5,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Five Point by 0.3% in the fourth quarter. Bank of America Corp DE now owns 2,848,981 shares of the company's stock valued at $10,769,000 after acquiring an additional 7,666 shares during the last quarter. O Keefe Stevens Advisory Inc. raised its stake in shares of Five Point by 2.5% in the first quarter. O Keefe Stevens Advisory Inc. now owns 2,236,313 shares of the company's stock valued at $11,942,000 after acquiring an additional 54,141 shares during the last quarter. ACR Alpine Capital Research LLC raised its stake in shares of Five Point by 3.4% in the first quarter. ACR Alpine Capital Research LLC now owns 998,198 shares of the company's stock valued at $5,330,000 after acquiring an additional 32,540 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Five Point by 26.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 947,949 shares of the company's stock valued at $3,583,000 after acquiring an additional 198,103 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Five Point in the fourth quarter valued at approximately $1,274,000. Institutional investors own 38.09% of the company's stock.

Five Point Trading Down 1.0%

Shares of FPH traded down $0.06 during mid-day trading on Wednesday, hitting $5.59. 120,795 shares of the company traded hands, compared to its average volume of 138,611. The stock has a market capitalization of $832.72 million, a price-to-earnings ratio of 5.12 and a beta of 1.55. The business has a 50-day moving average of $5.69 and a 200 day moving average of $5.50. Five Point Holdings, LLC has a one year low of $3.13 and a one year high of $6.71.

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

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 note on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy".

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.