Five Point (NYSE:FPH) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Five Point Holdings, LLC (NYSE:FPH - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 178,452 shares changed hands during mid-day trading, a decline of 9% from the previous session's volume of 195,174 shares.The stock last traded at $3.79 and had previously closed at $3.63.

Five Point Stock Up 4.1 %

The company has a market cap of $560.54 million, a PE ratio of 5.40 and a beta of 1.45. The company has a 50-day moving average of $3.85 and a 200-day moving average of $3.51.

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

Insider Buying and Selling

In other news, Director Sam Levinson bought 3,283,024 shares of the stock in a transaction on Tuesday, October 22nd. The shares were purchased at an average cost of $3.15 per share, for a total transaction 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. This represents a 111.81 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Five Point

Institutional investors have recently modified their holdings of the business. Private Management Group Inc. raised its stake in shares of Five Point by 2.5% during the 2nd quarter. Private Management Group Inc. now owns 5,023,874 shares of the company's stock valued at $14,720,000 after purchasing an additional 124,806 shares during the period. Choreo LLC bought a new stake in shares of Five Point during the second quarter valued at about $293,000. WINTON GROUP Ltd increased its position in shares of Five Point by 89.3% during the second quarter. WINTON GROUP Ltd now owns 36,452 shares of the company's stock valued at $107,000 after buying an additional 17,196 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Five Point by 13.3% in 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, O Keefe Stevens Advisory Inc. boosted its position in shares of 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. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

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.