Five Point (NYSE:FPH) Shares Gap Up - Here's Why

Five Point Holdings, LLC (NYSE:FPH - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $5.20, but opened at $5.46. Five Point shares last traded at $5.48, with a volume of 198,699 shares traded.

Analyst Ratings Changes

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

Five Point Trading Down 1.8 %

The business has a 50-day moving average price of $5.28 and a 200 day moving average price of $4.65. The stock has a market capitalization of $792.63 million, a P/E ratio of 5.55 and a beta of 1.46.

Five Point (NYSE:FPH - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.32 EPS for the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%. The firm had revenue of $13.16 million during the quarter.

Insider Activity

In related news, insider Kim Tobler sold 18,496 shares of the business's stock in a transaction on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total transaction of $106,906.88. Following the completion of the transaction, the insider now owns 17,927 shares in the company, valued at $103,618.06. The trade was a 50.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 21.49% of the company's stock.

Institutional Investors Weigh In On Five Point

Large investors have recently added to or reduced their stakes in the stock. O Keefe Stevens Advisory Inc. increased its stake in shares of 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 valued at $8,249,000 after buying an additional 163,647 shares during the period. Jane Street Group LLC purchased a new stake in shares of Five Point in the 3rd quarter worth approximately $76,000. SG Americas Securities LLC bought a new position in shares of Five Point during the fourth quarter valued at approximately $80,000. Raymond James Financial Inc. bought a new position in shares of Five Point during the fourth quarter valued at approximately $1,274,000. Finally, Robotti Robert raised its stake in Five Point by 1.1% in the fourth quarter. Robotti Robert now owns 6,779,047 shares of the company's stock worth $25,625,000 after buying an additional 75,000 shares in the last quarter. 38.09% of the stock is 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.