Five Point (NYSE:FPH) Trading Up 4.3% - Time to Buy?

Five Point Holdings, LLC (NYSE:FPH - Get Free Report)'s stock price was up 4.3% during trading on Thursday . The company traded as high as $6.08 and last traded at $6.03. Approximately 208,002 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 294,688 shares. The stock had previously closed at $5.78.

Five Point Trading Up 4.3%

The stock has a market cap of $896.72 million, a PE ratio of 4.82 and a beta of 1.53. The company has a fifty day moving average of $5.55 and a 200-day moving average of $5.24.

Five Point (NYSE:FPH - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.32 earnings per share (EPS) for the quarter. Five Point had a return on equity of 4.23% and a net margin of 37.01%. The firm had revenue of $13.16 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Five Point during the 2nd quarter worth about $85,000. Goldman Sachs Group Inc. boosted its position in shares of Five Point by 14.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company's stock worth $323,000 after acquiring an additional 7,544 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Five Point by 110.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 151,383 shares of the company's stock worth $808,000 after acquiring an additional 79,491 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Five Point by 66.3% during the 1st quarter. Royal Bank of Canada now owns 89,847 shares of the company's stock worth $481,000 after acquiring an additional 35,818 shares in the last quarter. Finally, Corsair Capital Management L.P. acquired a new position in shares of Five Point during the 1st quarter worth about $481,000. 38.09% of the stock is 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.

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