ACR Alpine Capital Research LLC Decreases Stock Position in Five Point Holdings, LLC (NYSE:FPH)

ACR Alpine Capital Research LLC lowered its stake in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 965,658 shares of the company's stock after selling 131,507 shares during the period. Five Point accounts for approximately 0.1% of ACR Alpine Capital Research LLC's portfolio, making the stock its 24th biggest holding. ACR Alpine Capital Research LLC owned 0.65% of Five Point worth $3,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of Five Point during the 3rd quarter worth $70,000. O Keefe Stevens Advisory Inc. grew its position in Five Point by 8.1% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company's stock valued at $8,249,000 after acquiring an additional 163,647 shares during the period. Jane Street Group LLC acquired a new stake in Five Point during the third quarter worth about $76,000. SG Americas Securities LLC purchased a new position in shares of Five Point in the 4th quarter worth about $80,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Five Point by 131.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,376 shares of the company's stock valued at $367,000 after purchasing an additional 50,234 shares in the last quarter. Hedge funds and other institutional investors own 38.09% of the company's stock.

Analyst Ratings Changes

Separately, Zelman & Associates raised shares of Five Point from a "neutral" rating to an "outperform" rating in a research report on Monday, January 27th.

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Five Point Stock Down 1.5 %

Shares of Five Point stock traded down $0.09 during trading hours on Thursday, hitting $5.68. The company's stock had a trading volume of 149,570 shares, compared to its average volume of 260,080. The company has a market capitalization of $843.94 million, a PE ratio of 5.91 and a beta of 1.59. The business has a fifty day moving average of $5.00 and a 200 day moving average of $4.17. Five Point Holdings, LLC has a 1-year low of $2.83 and a 1-year high of $6.71.

Five Point (NYSE:FPH - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.65 earnings per share (EPS) for the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%.

Five Point 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.