Shares of Five Point Holdings LLC (NYSE:FPH) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.89 and last traded at $8.02, with a volume of 8588 shares changing hands. The stock had previously closed at $8.31.
FPH has been the subject of a number of research analyst reports. Citigroup reiterated a “neutral” rating and set a $12.00 price target (down previously from $20.00) on shares of Five Point in a research report on Wednesday, June 27th. Royal Bank of Canada dropped their target price on Five Point to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, June 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Five Point from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th.
The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -12.98 and a beta of -0.08.
Five Point (NYSE:FPH) last released its earnings results on Monday, August 13th. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.07). The firm had revenue of $13.09 million during the quarter. Five Point had a negative return on equity of 1.34% and a net margin of 129.91%. As a group, equities analysts predict that Five Point Holdings LLC will post -0.23 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp purchased a new position in Five Point in the 1st quarter worth approximately $179,000. JPMorgan Chase & Co. increased its stake in Five Point by 54.8% in the 1st quarter. JPMorgan Chase & Co. now owns 34,142 shares of the company’s stock worth $487,000 after purchasing an additional 12,086 shares during the period. The Manufacturers Life Insurance Company increased its stake in Five Point by 34,272.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,354,276 shares of the company’s stock worth $19,312,000 after purchasing an additional 1,350,336 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Five Point in the 1st quarter worth approximately $236,000. Finally, Millennium Management LLC increased its stake in Five Point by 89.5% in the 1st quarter. Millennium Management LLC now owns 390,824 shares of the company’s stock worth $5,573,000 after purchasing an additional 184,554 shares during the period. Institutional investors own 37.88% of the company’s stock.
Five Point Company Profile (NYSE:FPH)
Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers. The company was formerly known as Newhall Holding Company, LLC and changed its name to Five Point Holdings, LLC in May 2016.
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