Five Point (NYSE:FPH) Shares Gap Down - Should You Sell?

Key Points

• Five Point Holdings shares experienced a significant drop, opening at $5.83 from a previous close of $6.43, and last traded at $5.56, marking a decline of 12.3%.
• The company reported a quarterly earnings of $0.05 per share, with a net margin of 37.01% and revenue of $7.47 million.
• Institutional investors hold 38.09% of Five Point's stock, with several hedge funds, such as Goldman Sachs, increasing their positions significantly in recent quarters.
• Five Point operates in mixed-use development across California, with segments in Valencia, San Francisco, Great Park, and Commercial.

Five Point Holdings, LLC (NYSE:FPH - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $6.43, but opened at $5.83. Five Point shares last traded at $5.56, with a volume of 164,828 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen cut Five Point from a "strong-buy" rating to a "hold" rating in a report on Saturday.

Five Point Stock Down 4.4%

The firm has a market capitalization of $793.37 million, a PE ratio of 4.94 and a beta of 1.53. The business's fifty day moving average price is $5.71 and its 200 day moving average price is $5.46.

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

Institutional Investors Weigh In On Five Point

Several institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Five Point in the fourth quarter valued at approximately $1,274,000. American Century Companies Inc. acquired a new position in shares of Five Point in the 4th quarter worth approximately $166,000. LPL Financial LLC raised its stake in Five Point by 20.4% during the 4th quarter. LPL Financial LLC now owns 87,796 shares of the company's stock valued at $332,000 after purchasing an additional 14,852 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Five Point by 2,431.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 436,686 shares of the company's stock worth $1,651,000 after purchasing an additional 419,436 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Five Point by 16.5% during the fourth quarter. Wells Fargo & Company MN now owns 354,240 shares of the company's stock worth $1,339,000 after purchasing an additional 50,077 shares during the period. 38.09% of the stock is currently owned by hedge funds and other 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.