Wells Fargo & Company MN Raises Stock Position in Five Point Holdings, LLC (NYSE:FPH)

Wells Fargo & Company MN lifted its holdings in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 16.5% during the fourth quarter, according to its most recent disclosure 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 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of FPH. Arrowstreet Capital Limited Partnership lifted its position in Five Point by 2,431.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 436,686 shares of the company's stock worth $1,651,000 after acquiring an additional 419,436 shares during the period. Robotti Robert lifted its holdings in shares of Five Point by 1.1% during the fourth quarter. Robotti Robert now owns 6,779,047 shares of the company's stock worth $25,625,000 after purchasing an additional 75,000 shares during the period. LPL Financial LLC boosted its position in Five Point by 20.4% in the fourth quarter. LPL Financial LLC now owns 87,796 shares of the company's stock valued at $332,000 after buying an additional 14,852 shares during the last quarter. American Century Companies Inc. purchased a new stake in Five Point in the fourth quarter valued at approximately $166,000. Finally, Raymond James Financial Inc. acquired a new position in Five Point in the 4th quarter worth approximately $1,274,000. Institutional investors and hedge funds own 38.09% 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 report on Monday, January 27th.

Five Point Price Performance

NYSE:FPH traded up $0.08 during mid-day trading on Friday, hitting $5.29. The company's stock had a trading volume of 147,181 shares, compared to its average volume of 280,380. The business's fifty day moving average is $5.27 and its two-hundred day moving average is $4.68. The stock has a market cap of $786.69 million, a price-to-earnings ratio of 5.51 and a beta of 1.51. Five Point Holdings, LLC has a 1 year low of $2.88 and a 1 year high of $6.71.

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

Insider Activity

In related news, insider Kim Tobler sold 18,496 shares of Five Point stock in a transaction dated Saturday, March 8th. The stock was sold at an average price of $5.78, for a total value of $106,906.88. Following the completion of the transaction, the insider now owns 17,927 shares in the company, valued at $103,618.06. The trade was a 50.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 21.49% of the company's stock.

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.