Five Point (NYSE:FPH) Stock Rating Lowered by Wall Street Zen

Key Points

• Five Point Holdings has been downgraded from a "strong-buy" rating to a "hold" rating by Wall Street Zen, indicating a shift in investor sentiment.
• The company reported $0.05 EPS and $7.47 million in revenue for the last quarter, with a net margin of 39.43%.
• Institutional investors own 38.09% of Five Point's stock, with recent purchases made by several hedge funds in the last few quarters.

Wall Street Zen lowered shares of Five Point (NYSE:FPH - Free Report) from a strong-buy rating to a hold rating in a report issued on Saturday morning.

Five Point Stock Down 1.9%

Shares of FPH traded down $0.11 during mid-day trading on Friday, reaching $5.47. 676,359 shares of the company's stock were exchanged, compared to its average volume of 236,250. The company has a 50-day simple moving average of $5.71 and a two-hundred day simple moving average of $5.46. Five Point has a 52-week low of $2.89 and a 52-week high of $6.71. The company has a market cap of $814.04 million, a price-to-earnings ratio of 5.02 and a beta of 1.53.

Five Point (NYSE:FPH - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.05 EPS for the quarter. The firm 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%.

Hedge Funds Weigh In On Five Point

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Five Point during the fourth quarter worth approximately $1,274,000. American Century Companies Inc. purchased a new stake in shares of Five Point in the 4th quarter valued at approximately $166,000. LPL Financial LLC lifted its position in shares of Five Point by 20.4% in the 4th quarter. LPL Financial LLC now owns 87,796 shares of the company's stock valued at $332,000 after acquiring an additional 14,852 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Five Point by 2,431.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 436,686 shares of the company's stock valued at $1,651,000 after acquiring an additional 419,436 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Five Point by 16.5% in the 4th quarter. Wells Fargo & Company MN now owns 354,240 shares of the company's stock worth $1,339,000 after buying an additional 50,077 shares in the last quarter. 38.09% of the stock is owned by institutional investors.

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.