Five Point (NYSE:FPH) Sets New 12-Month Low - Here's What Happened

Key Points

• Five Point shares hit a new 52-week low of $4.45 and were last down 1.4% at $4.445, below both the 50-day and 200-day moving averages near $5.00.
• Analyst sentiment remains cautious: Weiss Ratings reiterated a “hold (c-)” rating, and the sole tracked analyst maintains a consensus “Hold” recommendation.
• Despite the stock decline, Five Point reported quarterly EPS of $0.15 versus a consensus loss estimate of $0.04, while revenue of $13.90 million exceeded expectations of $8.61 million.

Shares of Five Point Holdings, LLC (NYSE:FPH - Get Free Report) hit a new 52-week low on Thursday. The stock traded as low as $4.45 and last traded at $4.4450, with a volume of 77445 shares traded. The stock had previously closed at $4.54.

Analyst Upgrades and Downgrades

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

Five Point Trading Down 1.4%

The company's 50-day moving average is $5.01 and its 200 day moving average is $5.03. The stock has a market capitalization of $661.76 million, a PE ratio of 6.30 and a beta of 1.36.

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, topping the consensus estimate of ($0.04) by $0.19. The company had revenue of $13.90 million for 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 Trading of Five Point

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robotti Robert purchased a new stake in shares of Five Point in the second quarter worth about $36,702,000. Saber Capital Managment LLC purchased a new position in Five Point during the fourth quarter valued at approximately $2,247,000. Lee Danner & Bass Inc. purchased a new position in Five Point during the first quarter valued at approximately $823,000. Flax Pond Capital LLC acquired a new position in Five Point in the fourth quarter valued at approximately $699,000. Finally, ACR Alpine Capital Research LLC lifted its holdings in 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 acquiring an additional 114,498 shares during the period. Institutional investors and hedge funds 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.

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.