Five Point (NYSE:FPH) Hits New 52-Week High – Should You Buy?

Five Point Holdings, LLC (NYSE:FPH)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $4.70 and last traded at $5.15, with a volume of 55969 shares changing hands. The stock had previously closed at $4.06.

Five Point Price Performance

The stock has a 50 day moving average price of $3.87 and a 200-day moving average price of $3.62. The stock has a market capitalization of $853.41 million, a P/E ratio of 8.22 and a beta of 1.46.

Five Point (NYSE:FPH) last announced its earnings results on Thursday, January 23rd. The company reported $0.65 earnings per share (EPS) for the quarter. Five Point had a return on equity of 2.57% and a net margin of 26.19%.

Hedge Funds Weigh In On Five Point

A number of institutional investors and hedge funds have recently made changes to their positions in FPH. Wellington Management Group LLP grew its position in shares of Five Point by 0.4% during the third quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock valued at $3,975,000 after purchasing an additional 4,281 shares in the last quarter. XTX Topco Ltd bought a new position in Five Point in the 3rd quarter valued at $70,000. Pure Financial Advisors LLC purchased a new position in Five Point in the 3rd quarter worth about $73,000. Jane Street Group LLC bought a new stake in shares of Five Point during the third quarter valued at approximately $76,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Five Point in the 4th quarter worth $80,000. Hedge funds and other 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.