Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Luxor Capital Group, Lp Sells 67,189 Shares

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 67,189 shares of Five Point stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $3.41, for a total value of $229,114.49. Following the completion of the transaction, the insider now directly owns 53,853 shares of the company’s stock, valued at $183,638.73. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, September 17th, Luxor Capital Group, Lp sold 47,011 shares of Five Point stock. The stock was sold at an average price of $3.42, for a total value of $160,777.62.
• On Wednesday, July 24th, Luxor Capital Group, Lp sold 2,600 shares of Five Point stock. The stock was sold at an average price of $3.23, for a total transaction of $8,398.00.
• On Friday, July 19th, Luxor Capital Group, Lp sold 106,984 shares of Five Point stock. The shares were sold at an average price of $3.12, for a total transaction of $333,790.08.

Five Point Stock Up 0.9 %

Shares of NYSE:FPH opened at $3.39 on Friday. The company has a market cap of $502.70 million, a P/E ratio of 3.99 and a beta of 1.45. The business has a fifty day simple moving average of $3.16 and a 200-day simple moving average of $3.11. Five Point Holdings, LLC has a 52 week low of $2.13 and a 52 week high of $3.60.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPH. TCW Group Inc. raised its position in Five Point by 17.2% in the fourth quarter. TCW Group Inc. now owns 826,037 shares of the company’s stock worth $2,536,000 after purchasing an additional 121,337 shares in the last quarter. Park West Asset Management LLC lifted its stake in shares of Five Point by 75.0% in the 4th 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 during the period. O Keefe Stevens Advisory Inc. boosted its holdings in Five Point by 1.9% during the first quarter. O Keefe Stevens Advisory Inc. now owns 1,577,400 shares of the company’s stock worth $4,937,000 after buying an additional 28,841 shares during the last quarter. ACR Alpine Capital Research LLC boosted its position in shares of Five Point by 19.3% during the first quarter. ACR Alpine Capital Research LLC now owns 828,123 shares of the company’s stock worth $2,592,000 after purchasing an additional 133,898 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in Five Point by 12.6% in the first quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock valued at $140,000 after acquiring an additional 5,000 shares during the period. 38.09% of the stock is owned by hedge funds and other institutional investors.

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.