Luxor Capital Group, Lp Sells 8,990,369 Shares of Five Point Holdings, LLC (NYSE:FPH) Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $3.13, for a total transaction of $28,139,854.97. Following the completion of the sale, the insider now owns 4,248 shares in the company, valued at approximately $13,296.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 shares were sold at an average price of $3.41, for a total value of $229,114.49.
• On Tuesday, September 17th, Luxor Capital Group, Lp sold 47,011 shares of Five Point stock. The shares were 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 stock was sold at an average price of $3.12, for a total value of $333,790.08.

Five Point Trading Down 2.1 %

NYSE:FPH traded down $0.07 on Tuesday, reaching $3.25. 15,767,585 shares of the stock traded hands, compared to its average volume of 169,729. Five Point Holdings, LLC has a 1-year low of $2.13 and a 1-year high of $3.60. The company’s 50 day moving average is $3.17 and its 200-day moving average is $3.11. The firm has a market capitalization of $481.94 million, a price-to-earnings ratio of 3.91 and a beta of 1.45.

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

Hedge Funds Weigh In On Five Point

Institutional investors and hedge funds have recently made changes to their positions in the stock. Park West Asset Management LLC raised its stake in Five Point by 75.0% during the 4th 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. ACR Alpine Capital Research LLC lifted its position in Five Point by 16.2% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 962,595 shares of the company’s stock valued at $2,820,000 after acquiring an additional 134,472 shares in the last quarter. O Keefe Stevens Advisory Inc. boosted its stake in Five Point by 8.1% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 1,705,415 shares of the company’s stock valued at $4,997,000 after purchasing an additional 128,015 shares during the last quarter. Private Management Group Inc. raised its stake in shares of Five Point by 2.5% in the second quarter. Private Management Group Inc. now owns 5,023,874 shares of the company’s stock worth $14,720,000 after purchasing an additional 124,806 shares during the last quarter. Finally, Choreo LLC bought a new position in shares of Five Point in the second quarter valued at approximately $293,000. Institutional investors own 38.09% of the company’s stock.

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.