Five Point (NYSE:FPH) Share Price Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• Five Point shares fell below their 50-day moving average of $5.18, reaching $5.12 before last trading at $5.16 on volume of 266,544 shares.
• The company reported a quarterly EPS of $0.15, exceeding the consensus estimate of a $0.04 loss, while revenue of $13.90 million also topped expectations of $8.61 million.
• Analyst sentiment remains neutral: Weiss Ratings reaffirmed a “hold (c-)” rating, and the broader analyst consensus is “Hold.” Institutional investors own 38.09% of the company.

Shares of Five Point Holdings, LLC (NYSE:FPH - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.18 and traded as low as $5.12. Five Point shares last traded at $5.16, with a volume of 266,544 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Five Point in a research report on Friday, July 31st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Five Point currently has a consensus rating of "Hold".

Five Point Price Performance

The stock has a market capitalization of $763.06 million, a PE ratio of 7.27 and a beta of 1.32. The firm's 50 day simple moving average is $5.18 and its 200 day simple moving average is $5.15.

Five Point (NYSE:FPH - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.19. The company had revenue of $13.90 million for the quarter, compared to analysts' expectations of $8.61 million. Five Point had a net margin of 45.35% and a return on equity of 2.29%.

Institutional Trading of Five Point

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JBF Capital Inc. bought a new stake in Five Point in the 4th quarter worth $56,000. State of Wyoming purchased a new stake in shares of Five Point during the second quarter worth about $58,000. Lazard Asset Management LLC bought a new stake in shares of Five Point in the first quarter worth about $79,000. Occudo Quantitative Strategies LP increased its holdings in Five Point by 17.7% during the 3rd 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. Finally, XTX Topco Ltd bought a new position in Five Point during the 2nd quarter valued at approximately $128,000. Institutional investors own 38.09% of the company's stock.

About Five Point

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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