Five Point (NYSE:FPH) Sees Unusually-High Trading Volume

Five Point Holdings, LLC (NYSE:FPH) shares saw unusually-strong trading volume on Thursday . Approximately 292,976 shares traded hands during trading, an increase of 56% from the previous session’s volume of 187,616 shares.The stock last traded at $4.27 and had previously closed at $4.29.

Five Point Trading Down 0.9 %

The stock has a 50 day simple moving average of $3.28 and a 200 day simple moving average of $3.15. The stock has a market cap of $630.23 million, a P/E ratio of 5.02 and a beta of 1.45.

Five Point (NYSE:FPH) last posted its earnings results on Thursday, July 18th. The company reported $0.21 earnings per share 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 other Five Point news, major shareholder Luxor Capital Group, Lp sold 47,011 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $3.42, for a total transaction 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 document filed with the SEC, which can be accessed through the SEC website. Insiders sold 9,214,153 shares of company stock worth $28,871,935 over the last ninety days. 4.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Five Point

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 77,369 shares during the last quarter. WINTON GROUP Ltd grew its holdings 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 during the period. Choreo LLC purchased a new stake in Five Point in the second quarter worth $293,000. 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 valued at $14,720,000 after buying an additional 124,806 shares during the period. Finally, ACR Alpine Capital Research LLC increased its position in shares of Five Point by 16.2% during the second quarter. ACR Alpine Capital Research LLC now owns 962,595 shares of the company’s stock valued at $2,820,000 after buying an additional 134,472 shares during the period. 38.09% of the stock is owned by 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.