Five Point (NYSE:FPH) Trading 3.4% Higher - Here's What Happened

Five Point Holdings, LLC (NYSE:FPH - Get Free Report) shares were up 3.4% during mid-day trading on Wednesday . The stock traded as high as $5.52 and last traded at $5.51. Approximately 88,380 shares changed hands during trading, a decline of 67% from the average daily volume of 266,550 shares. The stock had previously closed at $5.33.

Wall Street Analyst Weigh In

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

Five Point Stock Performance

The stock has a market capitalization of $788.17 million, a PE ratio of 5.52 and a beta of 1.59. The firm's 50 day moving average is $5.58 and its two-hundred day moving average is $4.44.

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

Insider Buying and Selling at Five Point

In other Five Point news, insider Kim Tobler sold 18,496 shares of the business's stock in a transaction that occurred on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total value of $106,906.88. Following the completion of the sale, the insider now owns 17,927 shares in the company, valued at approximately $103,618.06. The trade was a 50.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.36% of the stock is owned by corporate insiders.

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Hedge Funds Weigh In On Five Point

A number of institutional investors have recently modified their holdings of the business. Wolverine Trading LLC purchased a new position in shares of Five Point during the fourth quarter worth about $74,000. Squarepoint Ops LLC grew its stake in shares of Five Point by 14.9% in the 4th quarter. Squarepoint Ops LLC now owns 42,003 shares of the company's stock valued at $159,000 after purchasing an additional 5,447 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Five Point by 11.3% in the fourth quarter. Millennium Management LLC now owns 270,955 shares of the company's stock valued at $1,024,000 after purchasing an additional 27,531 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Five Point during the fourth quarter worth approximately $45,000. Finally, Cubist Systematic Strategies LLC raised its position in Five Point by 313.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 71,892 shares of the company's stock worth $272,000 after buying an additional 54,516 shares during the last quarter. 38.09% of the stock is owned by institutional investors and hedge funds.

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.