Short Interest in Five Point Holdings, LLC (NYSE:FPH) Rises By 23.2%

Five Point Holdings, LLC (NYSE:FPH - Get Free Report) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 513,400 shares, a growth of 23.2% from the February 13th total of 416,700 shares. Based on an average daily trading volume, of 394,700 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.0% of the company's shares are sold short.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, insider Kim Tobler sold 18,496 shares of the firm's stock in a transaction 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 transaction, the insider now owns 17,927 shares of the company's stock, valued at approximately $103,618.06. This trade represents a 50.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.36% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FPH. Envestnet Asset Management Inc. increased its holdings in Five Point by 21.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company's stock worth $66,000 after purchasing an additional 3,052 shares during the last quarter. Bfsg LLC grew its position in shares of Five Point by 8.5% during the 4th quarter. Bfsg LLC now owns 42,195 shares of the company's stock valued at $159,000 after buying an additional 3,310 shares during the last quarter. XTX Topco Ltd raised its stake in Five Point by 24.5% during the fourth quarter. XTX Topco Ltd now owns 21,079 shares of the company's stock worth $80,000 after acquiring an additional 4,145 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Five Point by 0.4% in the 3rd quarter. Wellington Management Group LLP now owns 957,856 shares of the company's stock worth $3,975,000 after purchasing an additional 4,281 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Five Point by 14.9% in the fourth quarter. Squarepoint Ops LLC now owns 42,003 shares of the company's stock valued at $159,000 after buying an additional 5,447 shares during the last quarter. Institutional investors and hedge funds own 38.09% of the company's stock.

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Five Point Price Performance

Five Point stock traded down $0.19 during midday trading on Friday, hitting $5.42. 96,773 shares of the company were exchanged, compared to its average volume of 265,556. Five Point has a fifty-two week low of $2.83 and a fifty-two week high of $6.71. The company's fifty day moving average price is $5.39 and its 200-day moving average price is $4.34. The company has a market cap of $805.28 million, a PE ratio of 5.64 and a beta of 1.59.

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

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.