Raymond James Financial Inc. Takes $1.27 Million Position in Five Point Holdings, LLC (NYSE:FPH)

Raymond James Financial Inc. acquired a new stake in Five Point Holdings, LLC (NYSE:FPH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 337,099 shares of the company's stock, valued at approximately $1,274,000. Raymond James Financial Inc. owned approximately 0.23% of Five Point as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. XTX Topco Ltd bought a new position in shares of Five Point during the 3rd quarter worth approximately $70,000. Meixler Investment Management Ltd. acquired a new position in Five Point during the fourth quarter worth $75,000. Jane Street Group LLC bought a new position in shares of Five Point during the third quarter valued at $76,000. SG Americas Securities LLC acquired a new stake in shares of Five Point in the 4th quarter valued at $80,000. Finally, Virtu Financial LLC bought a new stake in shares of Five Point in the 3rd quarter worth about $105,000. 38.09% of the stock is owned by institutional investors.

Five Point Stock Performance

Shares of NYSE FPH traded down $0.10 during mid-day trading on Monday, hitting $4.83. 177,188 shares of the stock were exchanged, compared to its average volume of 271,012. Five Point Holdings, LLC has a twelve month low of $2.83 and a twelve month high of $6.71. The stock's fifty day simple moving average is $5.63 and its two-hundred day simple moving average is $4.52. The company has a market cap of $717.54 million, a P/E ratio of 5.03 and a beta of 1.45.

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

Insiders Place Their Bets

In other Five Point news, insider Kim Tobler sold 18,496 shares of the stock in a transaction 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 transaction, the insider now directly owns 17,927 shares in the company, 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 is accessible through this hyperlink. Insiders own 4.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.