Five Point (NYSE:FPH) Reaches New 12-Month Low - What's Next?

Key Points

• Five Point shares fell to a new 12-month low of $4.36 during Wednesday trading, with the stock recently trading near $4.41. Its market capitalization is approximately $651 million, while its 50-day and 200-day moving averages stand above the current price.
• Analysts maintain a cautious outlook: Weiss Ratings reaffirmed a “hold (c-)” rating, and the broader consensus is also “Hold.”
• Despite the share-price weakness, Five Point reported stronger-than-expected quarterly results, posting $0.15 in EPS versus a consensus loss of $0.04 and revenue of $13.9 million versus estimates of $8.61 million; institutional investors own 38.09% of the company.

Five Point Holdings, LLC (NYSE:FPH - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday. The company traded as low as $4.36 and last traded at $4.4050, with a volume of 150,284 shares traded. The stock had previously closed at $4.40.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of Five Point in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Five Point currently has a consensus rating of "Hold".

Five Point Stock Up 0.1%

The company has a market cap of $651.41 million, a P/E ratio of 6.20 and a beta of 1.36. The company's 50-day moving average is $4.95 and its two-hundred day moving average is $5.02.

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

Institutional Investors Weigh In On Five Point

A number of hedge funds have recently modified their holdings of FPH. Robotti Robert bought a new position in Five Point during the second quarter valued at $36,702,000. Flax Pond Capital LLC bought a new stake in shares of Five Point in the fourth quarter valued at $699,000. O Keefe Stevens Advisory Inc. raised its stake in shares of Five Point by 7.6% in the third quarter. O Keefe Stevens Advisory Inc. now owns 2,982,033 shares of the company's stock valued at $13,956,000 after buying an additional 210,413 shares during the period. ACR Alpine Capital Research LLC raised its stake in shares of Five Point by 10.3% in the first quarter. ACR Alpine Capital Research LLC now owns 1,229,255 shares of the company's stock valued at $5,950,000 after buying an additional 114,498 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Five Point during the 1st quarter valued at $823,000. Institutional investors own 38.09% of the company's stock.

About Five Point

Five Point Holdings, LLC NYSE: FPH is a California-based real estate development company that owns and develops large-scale, mixed-use master-planned communities. Its projects typically combine residential neighborhoods with commercial, retail, office, educational, recreational and public-space components.

The company's principal developments include Great Park Neighborhoods in Irvine, Newhall Ranch in Los Angeles County and Valencia in Santa Clarita. These communities are designed to provide a range of housing options alongside parks, trails, schools, business areas and other amenities.

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