Five Point (NYSE:FPH) Rating Lowered to "Hold" at 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.

Five Point (NYSE:FPH - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "hold" rating in a note issued to investors on Saturday.

Five Point Price Performance

Shares of FPH stock opened at $5.47 on Friday. The stock has a market cap of $812.70 million, a P/E ratio of 5.01 and a beta of 1.53. The company has a fifty day moving average price of $5.71 and a two-hundred day moving average price of $5.42. Five Point has a one year low of $2.89 and a one year high of $6.71.

Five Point (NYSE:FPH - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $7.47 million during the quarter. Five Point had a net margin of 39.43% and a return on equity of 3.64%.

Hedge Funds Weigh In On Five Point

Several hedge funds have recently bought and sold shares of FPH. Lazard Asset Management LLC bought a new position in Five Point in the 4th quarter valued at about $45,000. Virtu Financial LLC bought a new position in Five Point in the 1st quarter valued at about $65,000. Envestnet Asset Management Inc. increased its holdings in Five Point by 21.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company's stock valued at $66,000 after buying an additional 3,052 shares during the period. Jump Financial LLC bought a new position in Five Point in the 4th quarter valued at about $70,000. Finally, Wolverine Trading LLC acquired a new stake in shares of Five Point in the 4th quarter valued at approximately $74,000. 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.

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