The Manufacturers Life Insurance Company Sells 291,344 Shares of Five Point Holdings, LLC (NYSE:FPH)

The Manufacturers Life Insurance Company reduced its position in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,580,731 shares of the company's stock after selling 291,344 shares during the period. The Manufacturers Life Insurance Company owned about 2.41% of Five Point worth $13,535,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Robotti Robert grew its holdings in Five Point by 1.1% during the 4th quarter. Robotti Robert now owns 6,779,047 shares of the company's stock worth $25,625,000 after acquiring an additional 75,000 shares during the last quarter. Private Management Group Inc. increased its stake 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 worth $20,887,000 after purchasing an additional 493,138 shares during the last quarter. O Keefe Stevens Advisory Inc. boosted its position in Five Point by 8.1% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company's stock worth $8,249,000 after purchasing an additional 163,647 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Five Point by 26.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 947,949 shares of the company's stock worth $3,583,000 after buying an additional 198,103 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Five Point by 2,431.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 436,686 shares of the company's stock worth $1,651,000 after acquiring an additional 419,436 shares during the period. Institutional investors and hedge funds own 38.09% of the company's stock.

Five Point Stock Performance

Shares of Five Point stock remained flat at $5.37 on Friday. 35,894 shares of the stock were exchanged, compared to its average volume of 279,026. The stock has a market cap of $798.58 million, a price-to-earnings ratio of 5.59 and a beta of 1.51. The firm's 50 day simple moving average is $5.25 and its 200 day simple moving average is $4.71. Five Point Holdings, LLC has a 12 month low of $2.88 and a 12 month high of $6.71.

Five Point (NYSE:FPH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.32 earnings per share 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 for the quarter.

Wall Street Analysts Forecast Growth

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

Insider Activity at Five Point

In other Five Point news, insider Kim Tobler sold 18,496 shares of Five Point stock in a transaction dated Saturday, March 8th. The stock was sold at an average price of $5.78, for a total transaction of $106,906.88. Following the completion of the transaction, the insider now owns 17,927 shares in the company, valued at approximately $103,618.06. The trade was a 50.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 21.49% of the stock is owned by corporate insiders.

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.