Five Point (NYSE:FPH) Sees Strong Trading Volume After Better-Than-Expected Earnings

Key Points

• Five Point beat expectations, reporting (−$0.03) EPS vs. consensus (−$0.04) and revenue of $13.58M vs. $8.61M, which coincided with a ~45% jump in trading volume to about 257,040 shares.
• Research firm Weiss Ratings downgraded the stock from "Buy (b-)" to "Hold (c+)," and the MarketBeat average analyst rating is currently "Hold."
• Insider Greg Mcwilliams sold 111,037 shares at an average of $5.23 (a 15.87% reduction in his holdings); insiders now own 21.49% of the company while institutional investors hold 38.09%.

Five Point Holdings, LLC (NYSE:FPH - Get Free Report) saw unusually-high trading volume on Friday following a stronger than expected earnings report. Approximately 257,040 shares traded hands during mid-day trading, an increase of 45% from the previous session's volume of 177,210 shares.The stock last traded at $4.9450 and had previously closed at $5.06.

The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. The business had revenue of $13.58 million during the quarter, compared to analysts' expectations of $8.61 million. Five Point had a net margin of 64.50% and a return on equity of 3.14%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Five Point from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Five Point has an average rating of "Hold".

Insider Buying and Selling

In other Five Point news, insider Greg Mcwilliams sold 111,037 shares of Five Point stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $5.23, for a total value of $580,723.51. Following the sale, the insider owned 588,735 shares of the company's stock, valued at approximately $3,079,084.05. The trade was a 15.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 21.49% of the company's stock.

Institutional Trading of Five Point

Hedge funds and other institutional investors have recently modified their holdings of the business. JBF Capital Inc. bought a new stake in shares of Five Point in the fourth quarter valued at approximately $56,000. State of Wyoming bought a new stake in shares of Five Point in the second quarter valued at approximately $58,000. Occudo Quantitative Strategies LP raised its position in shares of Five Point by 17.7% in the third quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company's stock valued at $103,000 after purchasing an additional 2,537 shares during the period. XTX Topco Ltd bought a new stake in shares of Five Point in the second quarter valued at approximately $128,000. Finally, Squarepoint Ops LLC purchased a new position in Five Point during the fourth quarter valued at approximately $138,000. Institutional investors own 38.09% of the company's stock.

Five Point Price Performance

The firm's 50 day moving average is $5.17 and its 200 day moving average is $5.57. The company has a market cap of $747.18 million, a PE ratio of 5.28 and a beta of 1.38.

Five Point Company Profile

Five Point Holdings, L.P. NYSE: FPH is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.

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