Five Point Holdings, LLC (NYSE:FPH - Get Free Report)'s stock price rose 5.1% during trading on Thursday . The company traded as high as $6.15 and last traded at $6.18. Approximately 25,903 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 236,714 shares. The stock had previously closed at $5.88.
Wall Street Analysts Forecast Growth
FPH has been the subject of a number of research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Five Point in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Five Point from a "strong-buy" rating to a "hold" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".
Check Out Our Latest Analysis on FPH
Five Point Trading Up 3.4%
The company's 50-day moving average price is $5.83 and its two-hundred day moving average price is $5.60. The company has a market cap of $906.50 million, a P/E ratio of 5.57 and a beta of 1.50.
Five Point (NYSE:FPH - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.05 earnings per share for the quarter. Five Point had a net margin of 39.43% and a return on equity of 3.61%. The company had revenue of $7.47 million during the quarter.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. O Keefe Stevens Advisory Inc. boosted its holdings in shares of Five Point by 1.8% in the third quarter. O Keefe Stevens Advisory Inc. now owns 2,324,088 shares of the company's stock worth $14,247,000 after buying an additional 41,634 shares during the period. Wellington Management Group LLP raised its position in Five Point by 10.3% during the first quarter. Wellington Management Group LLP now owns 1,030,817 shares of the company's stock valued at $5,505,000 after acquiring an additional 96,300 shares in the last quarter. ACR Alpine Capital Research LLC raised its position in Five Point by 3.4% during the first quarter. ACR Alpine Capital Research LLC now owns 998,198 shares of the company's stock valued at $5,330,000 after acquiring an additional 32,540 shares in the last quarter. Raymond James Financial Inc. raised its position in Five Point by 10.3% during the second quarter. Raymond James Financial Inc. now owns 418,380 shares of the company's stock valued at $2,301,000 after acquiring an additional 39,088 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in Five Point by 110.6% during the first quarter. Cubist Systematic Strategies LLC now owns 151,383 shares of the company's stock valued at $808,000 after acquiring an additional 79,491 shares in the last quarter. 38.09% of the stock is currently owned by institutional investors and hedge funds.
Five Point Company Profile
(
Get Free Report)
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.
Further Reading
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