Five Point Holdings, LLC (NYSE:FPH – Get Free Report)’s share price reached a new 52-week low during trading on Thursday. The company traded as low as $4.55 and last traded at $4.6730, with a volume of 335971 shares traded. The stock had previously closed at $4.72.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Five Point in a report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Five Point has a consensus rating of “Hold”.
View Our Latest Analysis on FPH
Five Point Price Performance
Five Point (NYSE:FPH – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.19. Five Point had a net margin of 45.35% and a return on equity of 2.29%. The business had revenue of $13.90 million for the quarter, compared to analyst estimates of $8.61 million.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC acquired a new stake in shares of Five Point in the first quarter valued at about $79,000. Squarepoint Ops LLC acquired a new position in Five Point during the 2nd quarter worth approximately $169,000. Potomac Capital Management Inc. acquired a new position in Five Point during the 4th quarter worth approximately $247,000. Wittenberg Investment Management Inc. acquired a new position in Five Point during the 4th quarter worth approximately $416,000. Finally, Flax Pond Capital LLC purchased a new position in Five Point in the 4th quarter worth approximately $699,000. Institutional investors and hedge funds own 38.09% of the company’s stock.
Five Point Company Profile
Five Point Holdings, LLC (NYSE: FPH) is a California-based real estate development company that plans and develops large-scale, mixed-use master-planned communities. Its activities include preparing land, developing infrastructure and public amenities, and selling residential and commercial land to homebuilders and other developers.
The company’s master-planned communities are designed to combine housing with commercial, retail, educational, recreational and open-space uses. Its developments have included Great Park Neighborhoods in Irvine, Valencia in Santa Clarita and the Candlestick project in San Francisco.
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