Private Management Group Inc. Increases Stake in Five Point Holdings, LLC (NYSE:FPH)

Private Management Group Inc. grew its position in Five Point Holdings, LLC (NYSE:FPH - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,525,607 shares of the company's stock after buying an additional 493,138 shares during the period. Private Management Group Inc. owned 3.73% of Five Point worth $20,887,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in shares of Five Point in the 3rd quarter valued at $70,000. Pure Financial Advisors LLC purchased a new stake in Five Point in the 3rd quarter valued at about $73,000. Jane Street Group LLC acquired a new position in Five Point in the third quarter valued at about $76,000. SG Americas Securities LLC purchased a new position in Five Point during the fourth quarter worth about $80,000. Finally, Virtu Financial LLC acquired a new stake in shares of Five Point during the third quarter valued at about $105,000. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

Five Point Stock Down 2.1 %

NYSE:FPH traded down $0.12 during trading hours on Friday, reaching $5.83. 777,988 shares of the stock were exchanged, compared to its average volume of 674,418. Five Point Holdings, LLC has a twelve month low of $2.83 and a twelve month high of $6.71. The business has a 50-day moving average of $4.31 and a two-hundred day moving average of $3.84. The company has a market capitalization of $864.09 million, a price-to-earnings ratio of 6.07 and a beta of 1.54.

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

Wall Street Analysts Forecast Growth

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

Five Point 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.