Five Point (NYSE:FPH) Shares Gap Up - Still a Buy?

Shares of Five Point Holdings, LLC (NYSE:FPH - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $3.43, but opened at $3.53. Five Point shares last traded at $3.52, with a volume of 14,788 shares trading hands.

Five Point Stock Up 4.4 %

The stock has a fifty day moving average price of $3.92 and a 200-day moving average price of $3.47. The firm has a market cap of $530.88 million, a price-to-earnings ratio of 5.11 and a beta of 1.45.

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

Insider Buying and Selling at Five Point

In other Five Point news, Director Sam Levinson bought 3,283,024 shares of Five Point stock in a transaction on Tuesday, October 22nd. The stock was bought at an average price of $3.15 per share, with a total value of $10,341,525.60. Following the completion of the acquisition, the director now owns 6,219,241 shares in the company, valued at $19,590,609.15. The trade was a 111.81 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of the company's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $3.13, for a total transaction of $28,139,854.97. Following the transaction, the insider now directly owns 4,248 shares in the company, valued at approximately $13,296.24. This trade represents a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five Point

A number of institutional investors and hedge funds have recently modified their holdings of the company. Private Management Group Inc. grew its holdings in Five Point by 2.5% in the second 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 last quarter. O Keefe Stevens Advisory Inc. boosted its position in shares of Five Point by 18.4% in 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 in the last quarter. TCW Group Inc. grew its stake in Five Point by 3.1% in the 3rd 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 during the last quarter. ACR Alpine Capital Research LLC increased its holdings in Five Point by 16.2% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 962,595 shares of the company's stock valued at $2,820,000 after acquiring an additional 134,472 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Five Point by 0.4% during the third quarter. Wellington Management Group LLP now owns 957,856 shares of the company's stock worth $3,975,000 after acquiring an additional 4,281 shares during the last quarter. Institutional investors and hedge funds 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.