Five Point (NYSE:FPH) Stock Price Down 3.9% - Here's What Happened

Shares of Five Point Holdings, LLC (NYSE:FPH - Get Free Report) fell 3.9% on Monday . The stock traded as low as $3.90 and last traded at $3.90. 129,587 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 191,976 shares. The stock had previously closed at $4.06.

Five Point Stock Down 3.7 %

The stock has a fifty day moving average price of $3.60 and a 200-day moving average price of $3.26. The firm has a market cap of $579.81 million, a price-to-earnings ratio of 5.67 and a beta of 1.46.

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. Five Point had a net margin of 26.19% and a return on equity of 2.57%. The firm had revenue of $17.01 million during the quarter.

Insider Activity at Five Point

In related news, major shareholder Luxor Capital Group, Lp sold 47,011 shares of the business's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $3.42, for a total value of $160,777.62. Following the sale, the insider now directly owns 54,543 shares in the company, valued at $186,537.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Luxor Capital Group, Lp sold 47,011 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $3.42, for a total value of $160,777.62. Following the sale, the insider now directly owns 54,543 shares in the company, valued at $186,537.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sam Levinson bought 3,283,024 shares of the firm's stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average price of $3.15 per share, for a total transaction of $10,341,525.60. Following the transaction, the director now owns 6,219,241 shares of the company's stock, valued at $19,590,609.15. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 9,104,569 shares of company stock worth $28,529,747 over the last 90 days. Company insiders own 4.36% of the company's stock.

Hedge Funds Weigh In On Five Point

Hedge funds and other institutional investors have recently modified their holdings of the company. WINTON GROUP Ltd grew its stake in shares of Five Point by 89.3% in the second quarter. WINTON GROUP Ltd now owns 36,452 shares of the company's stock valued at $107,000 after buying an additional 17,196 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in Five Point by 12.6% in the 1st quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company's stock valued at $140,000 after purchasing an additional 5,000 shares during the last quarter. Choreo LLC bought a new stake in shares of Five Point during the second quarter valued at approximately $293,000. Dimensional Fund Advisors LP boosted its position in Five Point by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company's stock worth $1,928,000 after acquiring an additional 77,369 shares during the period. Finally, ACR Alpine Capital Research LLC lifted its holdings in Five Point by 19.3% in the first quarter. ACR Alpine Capital Research LLC now owns 828,123 shares of the company's stock worth $2,592,000 after purchasing an additional 133,898 shares during the period. 38.09% of the stock is owned by institutional investors and hedge funds.

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.

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