Five Point (NYSE:FPH) Trading Up 2.3% - Here's Why

Key Points

• Shares of Five Point (FPH) rose about 2.3% to $4.84 Tuesday, trading as high as $4.99 on volume of roughly 307,460 shares, about 60% above the average daily volume.
• Weiss Ratings downgraded the stock from "buy (b-)" to "hold (c+)," and the MarketBeat consensus rating remains Hold.
• Insider Greg Mcwilliams sold 111,037 shares on March 9 at an average price of $5.23 (a 15.87% reduction in his position), while corporate insiders still own 21.49% of the company.

Five Point Holdings, LLC (NYSE:FPH - Get Free Report)'s stock price was up 2.3% during trading on Tuesday . The company traded as high as $4.99 and last traded at $4.84. Approximately 307,460 shares changed hands during trading, an increase of 60% from the average daily volume of 191,743 shares. The stock had previously closed at $4.73.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Five Point from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, February 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Five Point Trading Up 2.3%

The business's 50 day moving average price is $5.30 and its two-hundred day moving average price is $5.70. The stock has a market cap of $713.56 million, a P/E ratio of 5.04 and a beta of 1.39.

Five Point (NYSE:FPH - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.31 earnings per share (EPS) for the quarter. Five Point had a net margin of 64.50% and a return on equity of 3.14%. The company had revenue of $75.90 million during the quarter.

Insider Activity

In other news, insider Greg Mcwilliams sold 111,037 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $5.23, for a total value of $580,723.51. Following the completion of the transaction, the insider owned 588,735 shares of the company's stock, valued at approximately $3,079,084.05. This represents a 15.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.49% of the company's stock.

Institutional Investors Weigh In On Five Point

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised 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 last quarter. Goldman Sachs Group Inc. grew its position in Five Point by 14.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company's stock valued at $323,000 after purchasing an additional 7,544 shares during the last quarter. American Century Companies Inc. increased its stake in Five Point by 39.3% during the 2nd quarter. American Century Companies Inc. now owns 129,904 shares of the company's stock valued at $714,000 after purchasing an additional 36,659 shares in the last quarter. XTX Topco Ltd purchased a new position in Five Point in the second quarter worth about $128,000. Finally, Jump Financial LLC raised its holdings in Five Point by 61.3% in the second quarter. Jump Financial LLC now owns 44,200 shares of the company's stock worth $243,000 after buying an additional 16,800 shares during the last quarter. 38.09% of the stock is owned by institutional investors.

Five Point Company Profile

Five Point Holdings, L.P. NYSE: FPH is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.

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