Five Point (NYSE:FPH) Reaches New 1-Year Low - Should You Sell?

Key Points

• Five Point shares hit a new 52-week low, trading as low as $4.55 and below both their 50-day and 200-day moving averages, signaling continued price weakness.
• Despite the decline, the company’s latest quarterly results exceeded expectations, with earnings of $0.15 per share versus an expected loss of $0.04 and revenue of $13.9 million versus $8.61 million forecast.
• Analyst sentiment remains neutral: Five Point has a consensus “Hold” rating, while institutional investors own 38.09% of the stock.

Five Point Holdings, LLC (NYSE:FPH - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.55 and last traded at $4.6730, with a volume of 335971 shares. The stock had previously closed at $4.72.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Five Point in a report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Five Point Stock Performance

The company has a 50 day moving average of $5.13 and a 200-day moving average of $5.07. The stock has a market cap of $685.42 million, a price-to-earnings ratio of 6.53 and a beta of 1.32.

Five Point (NYSE:FPH - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.19. The company had revenue of $13.90 million during the quarter, compared to the consensus estimate of $8.61 million. Five Point had a return on equity of 2.29% and a net margin of 45.35%.

Institutional Investors Weigh In On Five Point

Several large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new position in Five Point in the 1st quarter valued at approximately $79,000. Squarepoint Ops LLC purchased a new stake in shares of Five Point during the second quarter worth $169,000. Potomac Capital Management Inc. acquired a new stake in shares of Five Point in the fourth quarter valued at $247,000. Wittenberg Investment Management Inc. acquired a new stake in shares of Five Point in the fourth quarter valued at $416,000. Finally, Flax Pond Capital LLC purchased a new position in Five Point in the fourth quarter valued at $699,000. 38.09% of the stock is owned by hedge funds and other institutional investors.

Five Point Company Profile

Five Point Holdings, LLC NYSE: FPH is a California-based real estate development company that plans and develops large-scale, mixed-use master-planned communities. Its activities include preparing land, developing infrastructure and public amenities, and selling residential and commercial land to homebuilders and other developers.

The company's master-planned communities are designed to combine housing with commercial, retail, educational, recreational and open-space uses. Its developments have included Great Park Neighborhoods in Irvine, Valencia in Santa Clarita and the Candlestick project in San Francisco.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.