Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Luxor Capital Group, Lp Sells 47,011 Shares

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 47,011 shares of Five Point stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $3.42, for a total value of $160,777.62. Following the completion of the transaction, the insider now owns 54,543 shares in the company, valued at approximately $186,537.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

• On Thursday, September 19th, Luxor Capital Group, Lp sold 67,189 shares of Five Point stock. The stock was sold at an average price of $3.41, for a total value of $229,114.49.
• On Wednesday, July 24th, Luxor Capital Group, Lp sold 2,600 shares of Five Point stock. The shares were sold at an average price of $3.23, for a total value of $8,398.00.
• On Friday, July 19th, Luxor Capital Group, Lp sold 106,984 shares of Five Point stock. The stock was sold at an average price of $3.12, for a total value of $333,790.08.

Five Point Stock Performance

Shares of FPH stock opened at $3.39 on Friday. Five Point Holdings, LLC has a 52-week low of $2.13 and a 52-week high of $3.60. The firm has a market capitalization of $502.70 million, a PE ratio of 3.99 and a beta of 1.45. The stock has a fifty day simple moving average of $3.16 and a two-hundred day simple moving average of $3.11.

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

Hedge Funds Weigh In On Five Point

Several institutional investors have recently bought and sold shares of FPH. WINTON GROUP Ltd grew its holdings in Five Point by 89.3% in 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 during the period. Hillsdale Investment Management Inc. grew its position in Five Point by 12.6% in the first quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock worth $140,000 after acquiring an additional 5,000 shares during the period. Choreo LLC purchased a new position in Five Point in the second quarter worth approximately $293,000. Park West Asset Management LLC boosted its position in shares of Five Point by 75.0% during the fourth quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock worth $1,074,000 after buying an additional 150,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Five Point by 13.3% in 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 during the period. 38.09% of the stock is owned by hedge funds and other institutional investors.

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.