Five Point (NYSE:FPH) Shares Gap Up - Here's What Happened

Five Point Holdings, LLC (NYSE:FPH - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $5.20, but opened at $5.46. Five Point shares last traded at $5.48, with a volume of 198,699 shares.

Wall Street Analyst Weigh In

Separately, Zelman & Associates upgraded Five Point from a "neutral" rating to an "outperform" rating in a research report on Monday, January 27th.

Five Point Stock Down 1.5 %

The stock has a market capitalization of $779.25 million, a PE ratio of 5.46 and a beta of 1.46. The business's fifty day moving average is $5.27 and its two-hundred day moving average is $4.65.

Five Point (NYSE:FPH - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.32 earnings per share for the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%. The company had revenue of $13.16 million for the quarter.

Insider Buying and Selling at Five Point

In related news, insider Kim Tobler sold 18,496 shares of the business's stock in a transaction that occurred on Saturday, March 8th. The shares were sold at an average price of $5.78, for a total value of $106,906.88. Following the sale, the insider now directly owns 17,927 shares in the company, valued at $103,618.06. The trade was a 50.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 21.49% of the stock is currently owned by company insiders.

Institutional Trading of Five Point

Several institutional investors have recently made changes to their positions in FPH. Lazard Asset Management LLC bought a new stake in shares of Five Point during the fourth quarter worth $45,000. Envestnet Asset Management Inc. raised its stake 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 acquiring an additional 3,052 shares during the period. Jump Financial LLC acquired a new stake in Five Point in the 4th quarter worth about $70,000. Wolverine Trading LLC acquired a new position in shares of Five Point during the 4th quarter worth $74,000. Finally, Meixler Investment Management Ltd. bought a new position in shares of Five Point during the fourth quarter valued at $75,000. 38.09% of the stock is currently owned by institutional investors and hedge funds.

About Five Point

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.