Five Point Holdings, LLC (NYSE:FPH) Sees Significant Increase in Short Interest

Five Point Holdings, LLC (NYSE:FPH - Get Free Report) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 220,300 shares, an increase of 152.9% from the December 15th total of 87,100 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 218,600 shares, the days-to-cover ratio is presently 1.0 days.

Five Point Price Performance

Shares of FPH stock traded up $0.01 during mid-day trading on Tuesday, hitting $3.69. The stock had a trading volume of 252,765 shares, compared to its average volume of 217,683. Five Point has a fifty-two week low of $2.73 and a fifty-two week high of $4.39. The company's 50-day simple moving average is $3.81 and its 200-day simple moving average is $3.55. The firm has a market cap of $547.19 million, a PE ratio of 5.27 and a beta of 1.46.

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

Insiders Place Their Bets

In other Five Point news, Director Sam Levinson bought 3,283,024 shares of the firm's stock in a transaction dated Tuesday, October 22nd. The stock was acquired at an average price of $3.15 per share, for a total transaction of $10,341,525.60. Following the completion of the purchase, the director now owns 6,219,241 shares of the company's stock, valued at approximately $19,590,609.15. This represents a 111.81 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.36% of the company's stock.

Institutional Trading of Five Point

A number of institutional investors have recently modified their holdings of the business. O Keefe Stevens Advisory Inc. lifted its holdings in Five Point by 18.4% in the third quarter. O Keefe Stevens Advisory Inc. now owns 2,018,525 shares of the company's stock valued at $8,377,000 after acquiring an additional 313,110 shares during the period. TCW Group Inc. increased its holdings in shares of Five Point by 3.1% in the 3rd quarter. TCW Group Inc. now owns 1,168,437 shares of the company's stock valued at $4,849,000 after purchasing an additional 34,900 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Five Point by 0.4% in the third quarter. Wellington Management Group LLP now owns 957,856 shares of the company's stock valued at $3,975,000 after purchasing an additional 4,281 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Five Point by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company's stock worth $1,928,000 after buying an additional 77,369 shares in the last quarter. Finally, Choreo LLC acquired a new position in Five Point during the second quarter worth about $293,000. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

Five Point Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.