Five Point (NYSE:FPH) Sets New 52-Week High at $4.34

Five Point Holdings, LLC (NYSE:FPH) hit a new 52-week high on Wednesday . The stock traded as high as $4.34 and last traded at $4.33, with a volume of 130159 shares. The stock had previously closed at $4.08.

Five Point Trading Up 5.4 %

The stock has a 50 day moving average of $3.24 and a 200-day moving average of $3.13. The stock has a market capitalization of $637.65 million, a P/E ratio of 4.80 and a beta of 1.45.

Five Point (NYSE:FPH) last posted 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 for the quarter. Five Point had a net margin of 21.73% and a return on equity of 2.70%.

Insider Transactions at Five Point

In related news, major shareholder Luxor Capital Group, Lp sold 106,984 shares of Five Point stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $3.12, for a total value of $333,790.08. Following the completion of the sale, the insider now directly owns 54,928 shares in the company, valued at $171,375.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 9,214,153 shares of company stock valued at $28,871,935. 4.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd boosted its stake 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 acquiring an additional 17,196 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Five Point by 12.6% during the first quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock worth $140,000 after purchasing an additional 5,000 shares during the period. Choreo LLC purchased a new stake in Five Point in the second quarter valued at approximately $293,000. Park West Asset Management LLC increased its holdings in Five Point by 75.0% in 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. Finally, Dimensional Fund Advisors LP raised its position in Five Point by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after buying an additional 77,369 shares during the last quarter. 38.09% of the stock is currently 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.