Five Point Holdings, LLC (NYSE:FPH) Sees Large Decline in Short Interest

Key Points

• Five Point Holdings experienced a significant drop in short interest, decreasing by 18.9% in August, with a total of 394,100 shares shorted as of the end of the month.
• Institutional investors collectively own 38.09% of Five Point's stock, with several hedge funds recently acquiring new stakes valued between $45,000 to $79,000.
• Five Point's stock price rose by 2.3% to $6.56, with an average trading volume of 188,300 shares and a notable P/E ratio of 6.01.

Five Point Holdings, LLC (NYSE:FPH - Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 394,100 shares, a drop of 18.9% from the August 15th total of 485,900 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 188,300 shares, the days-to-cover ratio is currently 2.1 days. Based on an average trading volume of 188,300 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Five Point from a "strong-buy" rating to a "hold" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Five Point has an average rating of "Buy".

Institutional Investors Weigh In On Five Point

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in Five Point by 10.3% in the first quarter. Wellington Management Group LLP now owns 1,030,817 shares of the company's stock worth $5,505,000 after purchasing an additional 96,300 shares during the period. Corsair Capital Management L.P. bought a new position in shares of Five Point in the 1st quarter valued at about $481,000. Cubist Systematic Strategies LLC grew its position in shares of Five Point by 110.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 151,383 shares of the company's stock worth $808,000 after buying an additional 79,491 shares during the period. O Keefe Stevens Advisory Inc. raised its stake in shares of Five Point by 2.5% during the first quarter. O Keefe Stevens Advisory Inc. now owns 2,236,313 shares of the company's stock worth $11,942,000 after buying an additional 54,141 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Five Point by 112.0% in the first quarter. American Century Companies Inc. now owns 93,245 shares of the company's stock valued at $498,000 after buying an additional 49,263 shares during the period. Institutional investors own 38.09% of the company's stock.

Five Point Stock Performance

Shares of NYSE FPH traded down $0.11 during trading on Monday, reaching $6.12. The company had a trading volume of 103,252 shares, compared to its average volume of 248,976. Five Point has a 52 week low of $3.13 and a 52 week high of $6.71. The business's 50 day moving average price is $5.77 and its 200-day moving average price is $5.53. The stock has a market cap of $912.16 million, a PE ratio of 5.61 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 for the quarter. Five Point had a net margin of 39.43% and a return on equity of 3.61%. The business had revenue of $7.47 million during the quarter.

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.