Five Point Holdings, LLC (NYSE:FPH) Sees Large Growth in Short Interest

Five Point Holdings, LLC (NYSE:FPH) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 85,200 shares, a growth of 9.7% from the August 15th total of 77,700 shares. Based on an average daily volume of 75,300 shares, the short-interest ratio is presently 1.1 days. Approximately 0.1% of the shares of the stock are sold short.

Insider Transactions at Five Point

In other news, major shareholder Luxor Capital Group, Lp sold 106,984 shares of Five Point stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $3.12, for a total value of $333,790.08. Following the transaction, the insider now owns 54,928 shares of the company’s stock, valued at approximately $171,375.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FPH. WINTON GROUP Ltd grew its position in Five Point by 89.3% during the second quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock valued at $107,000 after purchasing an additional 17,196 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in Five Point by 12.6% during the first quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock valued at $140,000 after purchasing an additional 5,000 shares in the last quarter. Choreo LLC purchased a new position in Five Point during the second quarter valued at approximately $293,000. Park West Asset Management LLC grew its position in Five Point by 75.0% during the fourth quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock valued at $1,074,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Five Point by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock valued at $1,928,000 after purchasing an additional 77,369 shares in the last quarter. 38.09% of the stock is owned by hedge funds and other institutional investors.

Five Point Stock Up 0.6 %

Shares of Five Point stock traded up $0.02 during trading on Wednesday, hitting $3.36. The stock had a trading volume of 132,284 shares, compared to its average volume of 83,155. The stock has a 50 day simple moving average of $3.14 and a 200 day simple moving average of $3.10. The company has a market capitalization of $498.25 million, a PE ratio of 3.94 and a beta of 1.45. Five Point has a 1 year low of $2.13 and a 1 year high of $3.60.

Five Point (NYSE:FPH) last released its earnings results on Thursday, July 18th. The company reported $0.21 earnings per share for the quarter. The business had revenue of $51.19 million for the quarter. Five Point had a net margin of 21.73% and a return on equity of 2.70%.

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.