Wells Fargo & Company MN Acquires 50,077 Shares of Five Point Holdings, LLC (NYSE:FPH)

Wells Fargo & Company MN raised its stake in Five Point Holdings, LLC (NYSE:FPH - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 354,240 shares of the company's stock after acquiring an additional 50,077 shares during the period. Wells Fargo & Company MN owned approximately 0.24% of Five Point worth $1,339,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. O Keefe Stevens Advisory Inc. lifted its holdings in shares of Five Point by 8.1% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company's stock valued at $8,249,000 after acquiring an additional 163,647 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Five Point in the 3rd quarter worth approximately $76,000. SG Americas Securities LLC bought a new position in shares of Five Point during the 4th quarter valued at approximately $80,000. Raymond James Financial Inc. purchased a new stake in Five Point during the 4th quarter valued at $1,274,000. Finally, Robotti Robert lifted its position in Five Point by 1.1% in the fourth quarter. Robotti Robert now owns 6,779,047 shares of the company's stock worth $25,625,000 after buying an additional 75,000 shares during the last quarter. Hedge funds and other institutional investors own 38.09% of the company's stock.

Five Point Stock Performance

NYSE FPH traded down $0.04 during trading on Wednesday, hitting $5.28. The stock had a trading volume of 187,651 shares, compared to its average volume of 279,113. Five Point Holdings, LLC has a one year low of $2.87 and a one year high of $6.71. The stock has a 50 day simple moving average of $5.27 and a 200 day simple moving average of $4.66. The stock has a market capitalization of $785.20 million, a price-to-earnings ratio of 5.50 and a beta of 1.46.

Five Point (NYSE:FPH - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $13.16 million during the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%.

Insider Activity

In other news, insider Kim Tobler sold 18,496 shares of the stock in a transaction on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total transaction of $106,906.88. Following the transaction, the insider now owns 17,927 shares of the company's stock, valued at approximately $103,618.06. This represents a 50.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 21.49% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Zelman & Associates raised shares of Five Point from a "neutral" rating to an "outperform" rating in a research note on Monday, January 27th.

About Five Point

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.