Five Point (NYSE:FPH) Shares Gap Down - Should You Sell?

Five Point Holdings, LLC (NYSE:FPH - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $6.22, but opened at $6.06. Five Point shares last traded at $6.07, with a volume of 193,711 shares.

Analysts Set New Price Targets

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

Five Point Trading Up 2.1 %

The stock's 50-day moving average is $4.05 and its 200-day moving average is $3.71. The stock has a market cap of $972.04 million, a price-to-earnings ratio of 6.83 and a beta of 1.46.

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

Institutional Investors Weigh In On Five Point

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Management Group Inc. boosted its holdings in Five Point by 9.8% in the 4th quarter. Private Management Group Inc. now owns 5,525,607 shares of the company's stock worth $20,887,000 after acquiring an additional 493,138 shares during the period. O Keefe Stevens Advisory Inc. increased its stake in Five Point by 18.4% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 2,018,525 shares of the company's stock worth $8,377,000 after buying an additional 313,110 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Five Point by 13.3% in the 2nd 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. Connor Clark & Lunn Investment Management Ltd. boosted its position in Five Point by 131.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,376 shares of the company's stock valued at $367,000 after buying an additional 50,234 shares during the last quarter. Finally, TCW Group Inc. grew its stake in shares of Five Point by 3.1% during the third quarter. TCW Group Inc. now owns 1,168,437 shares of the company's stock valued at $4,849,000 after acquiring an additional 34,900 shares in the last quarter. Hedge funds and other institutional investors 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.