Long Pond Capital LP Sells 1,959,036 Shares of Five Point Holdings, LLC (NYSE:FPH)

Long Pond Capital LP decreased its holdings in shares of Five Point Holdings, LLC (NYSE:FPH - Free Report) by 90.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,162 shares of the company's stock after selling 1,959,036 shares during the quarter. Five Point comprises about 0.0% of Long Pond Capital LP's investment portfolio, making the stock its 26th biggest position. Long Pond Capital LP owned about 0.13% of Five Point worth $738,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in Five Point by 21.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company's stock valued at $66,000 after buying an additional 3,052 shares during the period. Bfsg LLC increased its position in Five Point by 8.5% in the fourth quarter. Bfsg LLC now owns 42,195 shares of the company's stock worth $159,000 after buying an additional 3,310 shares during the period. XTX Topco Ltd lifted its position in Five Point by 24.5% in the 4th 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 during the last quarter. Wellington Management Group LLP grew its position in Five Point by 0.4% in the third quarter. Wellington Management Group LLP now owns 957,856 shares of the company's stock worth $3,975,000 after buying an additional 4,281 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Five Point by 20.4% in the fourth quarter. LPL Financial LLC now owns 87,796 shares of the company's stock worth $332,000 after acquiring an additional 14,852 shares in the last quarter. 38.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Five Point

In related news, insider Kim Tobler sold 18,496 shares of Five Point 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 sale, the insider now owns 17,927 shares of the company's stock, valued at approximately $103,618.06. This trade represents a 50.78 % decrease in their position. 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 company insiders.

Five Point Stock Performance

Shares of FPH traded up $0.22 during trading hours on Tuesday, hitting $5.09. 42,753 shares of the company were exchanged, compared to its average volume of 340,534. Five Point Holdings, LLC has a 52 week low of $2.83 and a 52 week high of $6.71. The firm's 50 day moving average is $5.34 and its 200-day moving average is $4.61. The company has a market cap of $756.20 million, a PE ratio of 5.30 and a beta of 1.46.

Five Point (NYSE:FPH - Get Free Report) last announced 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%.

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.