Five Point (NYSE:FPH) Share Price Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• Five Point shares fell below their 50-day moving average, trading as low as $5.04 and last changing hands at $5.07, compared with a 50-day average of $5.19.
• Analyst sentiment remains neutral: Weiss Ratings reiterated a “hold (C-)” rating, and the sole covering analyst consensus is also “Hold.”
• The company recently exceeded quarterly expectations, reporting $0.15 EPS versus a projected $0.04 loss and revenue of $13.9 million against an $8.61 million estimate; institutional investors own 38.09% of the stock.

Five Point Holdings, LLC (NYSE:FPH - Get Free Report)'s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.19 and traded as low as $5.04. Five Point shares last traded at $5.07, with a volume of 129,517 shares changing hands.

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, the company presently has a consensus rating of "Hold".

Five Point Trading Down 0.8%

The company has a market cap of $749.75 million, a PE ratio of 7.14 and a beta of 1.32. The company's 50 day moving average is $5.19 and its 200 day moving average is $5.13.

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

Institutional Trading of Five Point

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake 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 purchasing an additional 35,818 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Five Point by 14.2% during the first quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company's stock valued at $323,000 after buying an additional 7,544 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Five Point by 39.3% in the 2nd quarter. American Century Companies Inc. now owns 129,904 shares of the company's stock valued at $714,000 after buying an additional 36,659 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Five Point in the 2nd quarter valued at about $128,000. Finally, Jump Financial LLC grew its position in shares of Five Point by 61.3% in the 2nd quarter. Jump Financial LLC now owns 44,200 shares of the company's stock worth $243,000 after buying an additional 16,800 shares during the last quarter. Institutional investors own 38.09% of the company's stock.

About Five Point

Five Point Holdings, L.P. NYSE: FPH is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.

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