Short Interest in Five Point Holdings, LLC (NYSE:FPH) Expands By 62.5%

Five Point Holdings, LLC (NYSE:FPH) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 416,700 shares, a growth of 62.5% from the January 31st total of 256,500 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 392,400 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

Separately, Zelman & Associates upgraded Five Point from a “neutral” rating to an “outperform” rating in a research note on Monday, January 27th.

Hedge Funds Weigh In On Five Point

Several institutional investors and hedge funds have recently made changes to their positions in FPH. Wolverine Trading LLC acquired a new stake in Five Point during the 4th quarter worth approximately $74,000. Squarepoint Ops LLC lifted its holdings in shares of Five Point by 14.9% during the fourth quarter. Squarepoint Ops LLC now owns 42,003 shares of the company’s stock worth $159,000 after buying an additional 5,447 shares in the last quarter. Millennium Management LLC boosted its position in shares of Five Point by 11.3% in the fourth quarter. Millennium Management LLC now owns 270,955 shares of the company’s stock valued at $1,024,000 after acquiring an additional 27,531 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Five Point in the fourth quarter valued at about $45,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Five Point by 313.7% in the fourth quarter. Cubist Systematic Strategies LLC now owns 71,892 shares of the company’s stock valued at $272,000 after acquiring an additional 54,516 shares in the last quarter. Institutional investors and hedge funds own 38.09% of the company’s stock.

Five Point Trading Up 0.4 %

FPH opened at $5.63 on Friday. The stock’s fifty day simple moving average is $4.88 and its 200 day simple moving average is $4.11. Five Point has a 1-year low of $2.83 and a 1-year high of $6.71. The stock has a market cap of $834.13 million, a PE ratio of 5.86 and a beta of 1.54.

Five Point (NYSE:FPH) last announced its earnings results on Thursday, January 23rd. The company reported $0.65 EPS for the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%.

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.