Five Point Holdings, LLC (NYSE:FPH – Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.18 and traded as low as $5.12. Five Point shares last traded at $5.16, with a volume of 266,544 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Five Point in a report on Friday, July 31st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Five Point Price Performance
Five Point (NYSE:FPH – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.15 earnings per share for the quarter, topping 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 company had revenue of $13.90 million for the quarter, compared to the consensus estimate of $8.61 million.
Institutional Trading of Five Point
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in shares of Five Point by 66.3% in the 1st quarter. Royal Bank of Canada now owns 89,847 shares of the company’s stock valued at $481,000 after purchasing an additional 35,818 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Five Point by 14.2% during the first quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company’s stock valued at $323,000 after purchasing an additional 7,544 shares in the last quarter. American Century Companies Inc. lifted its stake in Five Point by 39.3% in the 2nd quarter. American Century Companies Inc. now owns 129,904 shares of the company’s stock valued at $714,000 after buying an additional 36,659 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Five Point in the second quarter worth approximately $128,000. Finally, Jump Financial LLC boosted its stake in Five Point by 61.3% during the 2nd quarter. Jump Financial LLC now owns 44,200 shares of the company’s stock worth $243,000 after purchasing an additional 16,800 shares during the last quarter. 38.09% of the stock is owned by institutional investors and hedge funds.
Five Point Company Profile
Five Point Holdings, L.P. (NYSE:FPH) is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.
Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.
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