Robotti Robert acquired a new stake in Five Point Holdings, LLC (NYSE:FPH – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,964,320 shares of the company’s stock, valued at approximately $36,702,000. Five Point accounts for 5.9% of Robotti Robert’s holdings, making the stock its 3rd largest holding. Robotti Robert owned approximately 4.71% of Five Point as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Saber Capital Managment LLC bought a new stake in shares of Five Point during the 4th quarter valued at $2,247,000. Flax Pond Capital LLC bought a new position in shares of Five Point in the 4th quarter worth $699,000. ACR Alpine Capital Research LLC boosted its position in shares of Five Point by 10.3% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,229,255 shares of the company’s stock worth $5,950,000 after purchasing an additional 114,498 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Five Point during the first quarter worth $823,000. Finally, XTX Topco Ltd acquired a new stake in shares of Five Point during the second quarter worth $128,000. 38.09% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Five Point in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.
Five Point Price Performance
Five Point stock opened at $5.10 on Wednesday. The firm has a market capitalization of $754.19 million, a price-to-earnings ratio of 7.18 and a beta of 1.32. The company’s 50 day simple moving average is $5.18 and its 200 day simple moving average is $5.13. Five Point Holdings, LLC has a fifty-two week low of $4.60 and a fifty-two week high of $6.64.
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, topping the consensus estimate of ($0.04) by $0.19. The company had revenue of $13.90 million for the quarter, compared to analyst estimates of $8.61 million. Five Point had a net margin of 45.35% and a return on equity of 2.29%.
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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