Private Management Group Inc. increased its position in Five Point Holdings, LLC (NYSE:FPH – Free Report) by 15.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,072,182 shares of the company’s stock after purchasing an additional 814,425 shares during the period. Private Management Group Inc.’s holdings in Five Point were worth $28,418,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. ACR Alpine Capital Research LLC grew its stake in Five Point by 9.5% during the 3rd quarter. ACR Alpine Capital Research LLC now owns 1,411,192 shares of the company’s stock worth $6,604,000 after buying an additional 122,392 shares during the last quarter. Bfsg LLC lifted its stake in Five Point by 15.3% in the third quarter. Bfsg LLC now owns 41,860 shares of the company’s stock valued at $196,000 after buying an additional 5,565 shares during the last quarter. Founders Financial Securities LLC purchased a new stake in Five Point in the third quarter valued at approximately $53,000. O Keefe Stevens Advisory Inc. lifted its stake in Five Point by 7.6% in the third quarter. O Keefe Stevens Advisory Inc. now owns 2,982,033 shares of the company’s stock valued at $13,956,000 after buying an additional 210,413 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Five Point in the second quarter valued at approximately $169,000. 38.09% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered shares of Five Point from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.
Get Our Latest Research Report on Five Point
Five Point Stock Performance
Shares of Five Point stock opened at $4.45 on Tuesday. Five Point Holdings, LLC has a 1 year low of $4.02 and a 1 year high of $6.47. The company has a market capitalization of $658.69 million, a P/E ratio of 11.41 and a beta of 1.44. The company’s fifty day moving average is $4.63 and its two-hundred day moving average is $5.02.
Five Point (NYSE:FPH – Get Free Report) last announced its earnings results on Thursday, October 22nd. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). Five Point had a net margin of 24.87% and a return on equity of 1.26%. The business had revenue of $14.62 million during the quarter, compared to analysts’ expectations of $8.61 million.
Five Point Profile
Five Point Holdings, LLC is a California-based real estate development company focused on creating large, master-planned communities. The company typically acquires and entitles land, develops infrastructure and public amenities, and sells residential and commercial land to homebuilders and other developers rather than constructing most homes itself.
Its major developments have included Great Park Neighborhoods in Irvine, California, and Valencia, a master-planned community in the Santa Clarita Valley associated with the Newhall Ranch project.
Read More
- Five stocks we like better than Five Point
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Want to see what other hedge funds are holding FPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Point Holdings, LLC (NYSE:FPH – Free Report).
Receive News & Ratings for Five Point Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Point and related companies with MarketBeat.com's FREE daily email newsletter.
