Five Point (NYSE:FPH) Shares Up 4.3% - Here's What Happened

Five Point Holdings, LLC (NYSE:FPH - Get Free Report) shares rose 4.3% on Tuesday . The stock traded as high as $6.17 and last traded at $6.17. Approximately 108,762 shares changed hands during trading, a decline of 81% from the average daily volume of 577,980 shares. The stock had previously closed at $5.91.

Wall Street Analysts Forecast Growth

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

Five Point Stock Down 1.6 %

The company has a market cap of $874.17 million, a price-to-earnings ratio of 6.14 and a beta of 1.54. The stock has a fifty day moving average price of $4.50 and a two-hundred day moving average price of $3.94.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FPH. Dimensional Fund Advisors LP lifted its holdings in shares of Five Point by 26.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 947,949 shares of the company's stock valued at $3,583,000 after purchasing an additional 198,103 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Five Point by 120.7% in the fourth quarter. Marshall Wace LLP now owns 72,036 shares of the company's stock valued at $272,000 after purchasing an additional 39,391 shares in the last quarter. Jump Financial LLC bought a new position in shares of Five Point in the fourth quarter valued at approximately $70,000. Walleye Capital LLC bought a new position in shares of Five Point in the fourth quarter valued at approximately $180,000. Finally, XTX Topco Ltd lifted its holdings in shares of Five Point by 24.5% in the fourth quarter. XTX Topco Ltd now owns 21,079 shares of the company's stock valued at $80,000 after purchasing an additional 4,145 shares in the last quarter. Institutional investors own 38.09% of the company's stock.

Five Point Company Profile

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.