Raymond James Financial Inc. Invests $1.27 Million in Five Point Holdings, LLC (NYSE:FPH)

Raymond James Financial Inc. acquired a new position in Five Point Holdings, LLC (NYSE:FPH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 337,099 shares of the company's stock, valued at approximately $1,274,000. Raymond James Financial Inc. owned about 0.23% of Five Point as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FPH. Jane Street Group LLC bought a new position in Five Point in the third quarter worth about $76,000. Virtu Financial LLC bought a new position in Five Point in the 3rd quarter valued at approximately $105,000. O Keefe Stevens Advisory Inc. increased its holdings in 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 worth $8,249,000 after buying an additional 163,647 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Five Point during the fourth quarter valued at approximately $80,000. Finally, Private Management Group Inc. lifted its holdings in shares of Five Point by 9.8% during the 4th quarter. Private Management Group Inc. now owns 5,525,607 shares of the company's stock valued at $20,887,000 after buying an additional 493,138 shares during the period. 38.09% of the stock is owned by institutional investors.

Five Point Trading Up 0.4 %

Five Point stock traded up $0.02 during midday trading on Tuesday, hitting $5.30. The stock had a trading volume of 136,309 shares, compared to its average volume of 279,335. Five Point Holdings, LLC has a 52-week low of $2.88 and a 52-week high of $6.71. The company has a market capitalization of $788.17 million, a PE ratio of 5.52 and a beta of 1.51. The firm's fifty day moving average is $5.25 and its two-hundred day moving average is $4.69.

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

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, insider Kim Tobler sold 18,496 shares of the business's stock in a transaction on Saturday, March 8th. The shares were sold at an average price of $5.78, for a total value of $106,906.88. Following the transaction, the insider now owns 17,927 shares of the company's stock, valued at approximately $103,618.06. The trade was a 50.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 21.49% of the company's stock.

About Five Point

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.