337,099 Shares in Five Point Holdings, LLC (NYSE:FPH) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 337,099 shares of the company's stock, valued at approximately $1,274,000. Raymond James Financial Inc. owned 0.23% of Five Point as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in Five Point in the third quarter valued at approximately $76,000. Virtu Financial LLC purchased a new stake in shares of Five Point in the third quarter worth about $105,000. O Keefe Stevens Advisory Inc. boosted its holdings in shares of Five Point by 8.1% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company's stock valued at $8,249,000 after buying an additional 163,647 shares during the period. SG Americas Securities LLC acquired a new position in shares of Five Point during the fourth quarter valued at $80,000. Finally, Private Management Group Inc. lifted its stake in Five Point by 9.8% during the fourth quarter. Private Management Group Inc. now owns 5,525,607 shares of the company's stock valued at $20,887,000 after purchasing an additional 493,138 shares during the last quarter. 38.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Zelman & Associates raised Five Point from a "neutral" rating to an "outperform" rating in a research report on Monday, January 27th.

Five Point Trading Up 0.2 %

Shares of NYSE:FPH traded up $0.01 during trading on Friday, hitting $5.38. 23,315 shares of the company's stock traded hands, compared to its average volume of 278,988. The company has a market cap of $800.07 million, a price-to-earnings ratio of 5.60 and a beta of 1.51. Five Point Holdings, LLC has a 52 week low of $2.88 and a 52 week high of $6.71. The company has a 50-day moving average price of $5.25 and a 200-day moving average price of $4.71.

Five Point (NYSE:FPH - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.32 earnings per share (EPS) for the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%. The business had revenue of $13.16 million during the quarter.

Insider Activity at Five Point

In other Five Point news, insider Kim Tobler sold 18,496 shares of the company's stock in a transaction that occurred on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total transaction of $106,906.88. Following the sale, the insider now directly owns 17,927 shares in the company, valued at $103,618.06. This represents a 50.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 21.49% of the stock is owned by insiders.

Five Point Company Profile

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.