Five Point (NYSE:FPH) Shares Gap Down - What's Next?

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 share price gapped down prior to trading 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 changing hands.

Five Point Trading Down 12.3%

The company has a market capitalization of $838.74 million, a PE ratio of 4.51 and a beta of 1.53. The firm's 50-day simple moving average is $5.71 and its 200-day simple moving average is $5.41.

Five Point (NYSE:FPH - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.05 earnings per share for the quarter. Five Point had a net margin of 37.01% and a return on equity of 4.23%. The firm had revenue of $7.47 million during the quarter.

Institutional Investors Weigh In On Five Point

Several hedge funds have recently modified their holdings of the business. O Keefe Stevens Advisory Inc. lifted its position in shares of Five Point by 2.1% in the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 2,282,454 shares of the company's stock worth $12,553,000 after purchasing an additional 46,141 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Five Point in the 2nd quarter worth approximately $85,000. Goldman Sachs Group Inc. lifted its position in shares of Five Point by 14.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company's stock worth $323,000 after purchasing an additional 7,544 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of Five Point by 110.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 151,383 shares of the company's stock worth $808,000 after purchasing an additional 79,491 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Five Point by 66.3% in the 1st quarter. Royal Bank of Canada now owns 89,847 shares of the company's stock worth $481,000 after purchasing an additional 35,818 shares during the period. Hedge funds and other institutional investors own 38.09% of the company's stock.

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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