Five Point (NYSE:FPH) Shares Gap Up – What’s Next?

Five Point Holdings, LLC (NYSE:FPH) gapped up before the market opened on Friday . The stock had previously closed at $3.43, but opened at $3.53. Five Point shares last traded at $3.52, with a volume of 14,788 shares traded.

Five Point Price Performance

The firm has a market capitalization of $530.88 million, a PE ratio of 5.11 and a beta of 1.45. The business’s 50 day moving average is $3.91 and its two-hundred day moving average is $3.47.

Five Point (NYSE:FPH) last announced its earnings results on Thursday, October 17th. The company reported $0.07 earnings per share (EPS) for the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%. The company had revenue of $17.01 million during the quarter.

Insider Activity at Five Point

In related news, Director Sam Levinson purchased 3,283,024 shares of Five Point stock in a transaction that occurred on Tuesday, October 22nd. The shares were acquired at an average cost of $3.15 per share, for a total transaction of $10,341,525.60. Following the transaction, the director now directly owns 6,219,241 shares in the company, valued at $19,590,609.15. The trade was a 111.81 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of the business’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 value of $28,139,854.97. Following the completion of the sale, the insider now owns 4,248 shares of the company’s stock, valued at $13,296.24. The trade was a 99.95 % decrease in their position. The disclosure for this sale can be found here. 4.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five Point

Several hedge funds and other institutional investors have recently modified their holdings of FPH. O Keefe Stevens Advisory Inc. increased its holdings in Five Point by 18.4% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 2,018,525 shares of the company’s stock valued at $8,377,000 after purchasing an additional 313,110 shares during the period. ACR Alpine Capital Research LLC grew its position in shares of Five Point by 16.2% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 962,595 shares of the company’s stock worth $2,820,000 after buying an additional 134,472 shares during the last quarter. Private Management Group Inc. increased its stake in shares of Five Point by 2.5% during 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. Choreo LLC bought a new position in shares of Five Point during the second quarter valued at approximately $293,000. Finally, Dimensional Fund Advisors LP lifted its stake in Five Point by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after acquiring an additional 77,369 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.