Five Point (NYSE:FPH) Stock Price Down 5% - Here's What Happened

Five Point Holdings, LLC (NYSE:FPH - Get Free Report) shares traded down 5% during trading on Monday . The company traded as low as $5.38 and last traded at $5.39. 55,455 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 277,399 shares. The stock had previously closed at $5.68.

Wall Street Analysts Forecast Growth

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 5.4 %

The company's 50-day moving average price is $5.28 and its 200-day moving average price is $4.64. The firm has a market cap of $799.33 million, a price-to-earnings ratio of 5.59 and a beta of 1.46.

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

Insiders Place Their Bets

In other Five Point news, insider Kim Tobler sold 18,496 shares of the company's stock in a transaction that occurred on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total transaction of $106,906.88. Following the sale, the insider now owns 17,927 shares in the company, valued at $103,618.06. This represents a 50.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 21.49% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five Point

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPH. O Keefe Stevens Advisory Inc. increased its stake in Five Point by 8.1% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company's stock worth $8,249,000 after purchasing an additional 163,647 shares in the last quarter. Jane Street Group LLC bought a new stake in Five Point during the third quarter worth approximately $76,000. SG Americas Securities LLC acquired a new position in shares of Five Point during the fourth quarter worth approximately $80,000. Raymond James Financial Inc. acquired a new position in shares of Five Point during the fourth quarter worth approximately $1,274,000. Finally, Robotti Robert raised its stake in shares of Five Point by 1.1% in the fourth quarter. Robotti Robert now owns 6,779,047 shares of the company's stock valued at $25,625,000 after purchasing an additional 75,000 shares in the last quarter. 38.09% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.