Luxor Capital Group, Lp Sells 7,732 Shares of Five Point Holdings, LLC (NYSE:FPH) Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 7,732 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3.19, for a total value of $24,665.08. Following the sale, the insider now owns 57,239 shares in the company, valued at approximately $182,592.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

• On Thursday, March 28th, Luxor Capital Group, Lp sold 1,251 shares of Five Point stock. The stock was sold at an average price of $3.20, for a total value of $4,003.20.
• On Tuesday, January 16th, Luxor Capital Group, Lp sold 7,556 shares of Five Point stock. The stock was sold at an average price of $2.79, for a total value of $21,081.24.
• On Thursday, January 4th, Luxor Capital Group, Lp sold 4,543 shares of Five Point stock. The stock was sold at an average price of $3.05, for a total value of $13,856.15.
• On Tuesday, January 2nd, Luxor Capital Group, Lp sold 6,465 shares of Five Point stock. The shares were sold at an average price of $3.15, for a total value of $20,364.75.

Five Point Stock Up 1.6 %

Shares of NYSE FPH traded up $0.05 during trading on Thursday, reaching $3.14. The company had a trading volume of 98,786 shares, compared to its average volume of 96,247. The company’s fifty day moving average price is $3.21 and its 200-day moving average price is $2.90. Five Point Holdings, LLC has a 12 month low of $2.13 and a 12 month high of $3.74. The stock has a market cap of $465.63 million, a P/E ratio of 4.19 and a beta of 1.44.

Five Point (NYSE:FPH) last released its quarterly earnings results on Thursday, January 18th. The company reported $0.39 EPS for the quarter. Five Point had a return on equity of 2.89% and a net margin of 26.16%. The firm had revenue of $118.76 million for the quarter.

Institutional Investors Weigh In On Five Point

A number of institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new stake in shares of Five Point during the 1st quarter valued at about $37,000. Elkhorn Partners Limited Partnership boosted its position in shares of Five Point by 70.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 17,000 shares of the company’s stock valued at $40,000 after purchasing an additional 7,000 shares in the last quarter. Aristeia Capital LLC bought a new stake in shares of Five Point during the 3rd quarter valued at about $54,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Five Point during the 1st quarter worth approximately $62,000. Finally, Renaissance Technologies LLC acquired a new position in Five Point during the 1st quarter worth approximately $62,000. Institutional investors own 38.09% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet upgraded Five Point from a “d” rating to a “c-” rating in a research report on Friday, January 19th.

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.