Short Interest in Five Point Holdings, LLC (NYSE:FPH) Declines By 15.8%

Five Point Holdings, LLC (NYSE:FPH - Get Free Report) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 110,100 shares, a drop of 15.8% from the October 15th total of 130,800 shares. Currently, 0.2% of the company's shares are sold short. Based on an average trading volume of 448,300 shares, the short-interest ratio is currently 0.2 days.

Five Point Trading Up 1.6 %

Five Point stock traded up $0.06 during midday trading on Friday, reaching $3.77. The stock had a trading volume of 205,841 shares, compared to its average volume of 194,384. The company has a fifty day moving average price of $3.82 and a two-hundred day moving average price of $3.35. Five Point has a 12 month low of $2.38 and a 12 month high of $4.39. The company has a market capitalization of $559.05 million, a P/E ratio of 5.39 and a beta of 1.47.

Five Point (NYSE:FPH - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The company reported $0.07 EPS for the quarter. Five Point had a return on equity of 2.57% and a net margin of 26.19%. The firm had revenue of $17.01 million during the quarter.

Insider Transactions at Five Point

In related news, Director Sam Levinson bought 3,283,024 shares of the business's stock in a transaction that occurred on Tuesday, October 22nd. The shares were acquired at an average cost of $3.15 per share, with a total value of $10,341,525.60. Following the completion of the purchase, the director now directly owns 6,219,241 shares in the company, valued at $19,590,609.15. The trade was a 111.81 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Luxor Capital Group, Lp sold 67,189 shares of Five Point stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $3.41, for a total transaction of $229,114.49. Following the completion of the sale, the insider now directly owns 53,853 shares of the company's stock, valued at approximately $183,638.73. This trade represents a 55.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,104,569 shares of company stock valued at $28,529,747. Corporate insiders own 4.36% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FPH. XTX Topco Ltd bought a new position in shares of Five Point in the third quarter valued at approximately $70,000. Pure Financial Advisors LLC bought a new position in Five Point during the 3rd quarter valued at $73,000. Jane Street Group LLC purchased a new position in Five Point during the 3rd quarter worth $76,000. WINTON GROUP Ltd grew its stake in shares of Five Point by 89.3% in the 2nd quarter. WINTON GROUP Ltd now owns 36,452 shares of the company's stock worth $107,000 after acquiring an additional 17,196 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of Five Point by 12.6% in the first quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company's stock valued at $140,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 38.09% of the company's stock.

About Five Point

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.