Five Point (NYSE:FPH) Sets New 1-Year Low - Here's What Happened

Key Points

• Five Point shares hit a new 52-week low of $4.54 during Friday trading and closed around $4.536, down approximately 1% from the prior close.
• Despite the stock decline, the company’s latest quarterly results exceeded expectations, reporting earnings of $0.15 per share versus a projected loss of $0.04 and revenue of $13.9 million compared with the $8.61 million consensus estimate.
• Analyst sentiment remains cautious, with Weiss Ratings maintaining a “hold (c-)” rating and the broader analyst consensus also at Hold; institutional investors own approximately 38.09% of the shares.

Five Point Holdings, LLC (NYSE:FPH - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday. The company traded as low as $4.54 and last traded at $4.5360, with a volume of 86424 shares. The stock had previously closed at $4.58.

Wall Street Analysts Forecast Growth

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

Five Point Trading Down 1.0%

The company has a market capitalization of $670.78 million, a P/E ratio of 6.39 and a beta of 1.36. The firm has a fifty day moving average of $5.07 and a 200 day moving average of $5.05.

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

Institutional Trading of Five Point

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC purchased a new position in Five Point during the 1st quarter valued at approximately $79,000. Squarepoint Ops LLC bought a new position in Five Point in the 2nd quarter valued at $169,000. Potomac Capital Management Inc. bought a new position in shares of Five Point in the fourth quarter worth about $247,000. Wittenberg Investment Management Inc. bought a new stake in Five Point during the 4th quarter valued at about $416,000. Finally, Flax Pond Capital LLC lifted its holdings in Five Point by 13.3% during the 1st quarter. Flax Pond Capital LLC now owns 141,707 shares of the company's stock valued at $686,000 after buying an additional 16,600 shares in the last quarter. 38.09% of the stock is currently owned by institutional investors.

About Five Point

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.

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