Five Point Holdings, LLC (NYSE:FPH) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its position in Five Point Holdings, LLC (NYSE:FPH - Free Report) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 354,240 shares of the company's stock after acquiring an additional 50,077 shares during the period. Wells Fargo & Company MN owned 0.24% of Five Point worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in FPH. Robotti Robert lifted its stake in Five Point by 1.1% in the 4th quarter. Robotti Robert now owns 6,779,047 shares of the company's stock worth $25,625,000 after purchasing an additional 75,000 shares in the last quarter. Private Management Group Inc. lifted its position in Five Point by 9.8% during the fourth quarter. Private Management Group Inc. now owns 5,525,607 shares of the company's stock worth $20,887,000 after buying an additional 493,138 shares in the last quarter. O Keefe Stevens Advisory Inc. boosted its stake 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 worth $8,249,000 after buying an additional 163,647 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Five Point by 2,431.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 436,686 shares of the company's stock valued at $1,651,000 after buying an additional 419,436 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Five Point in the 4th quarter worth $1,274,000. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Five Point

In related news, insider Kim Tobler sold 18,496 shares of Five Point stock in a transaction that occurred on Saturday, March 8th. The shares were sold at an average price of $5.78, for a total value of $106,906.88. Following the completion of the sale, the insider now owns 17,927 shares in the company, valued at approximately $103,618.06. This trade represents a 50.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 21.49% of the stock is owned by insiders.

Five Point Price Performance

Five Point stock opened at $5.44 on Tuesday. The firm has a 50 day simple moving average of $5.28 and a 200-day simple moving average of $4.65. The stock has a market cap of $808.99 million, a price-to-earnings ratio of 5.67 and a beta of 1.46. 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 issued its quarterly earnings data on Thursday, April 24th. The company reported $0.32 earnings per share for the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%. The company had revenue of $13.16 million during the quarter.

Wall Street Analyst Weigh In

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

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.

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