Five Point Holdings, LLC (NYSE:FPH) Sees Large Growth in Short Interest

Five Point Holdings, LLC (NYSE:FPH - Get Free Report) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 416,700 shares, an increase of 62.5% from the January 31st total of 256,500 shares. Currently, 0.8% of the company's stock are short sold. Based on an average daily volume of 392,400 shares, the days-to-cover ratio is presently 1.1 days.

Five Point Trading Up 2.5 %

Shares of NYSE FPH traded up $0.14 during mid-day trading on Wednesday, reaching $5.76. 164,696 shares of the company's stock were exchanged, compared to its average volume of 260,524. The business has a fifty day simple moving average of $4.96 and a 200 day simple moving average of $4.16. Five Point has a twelve month low of $2.83 and a twelve month high of $6.71. The firm has a market capitalization of $856.58 million, a price-to-earnings ratio of 6.00 and a beta of 1.59.

Five Point (NYSE:FPH - Get Free Report) last announced 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 Investors Weigh In On Five Point

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake 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 purchasing an additional 3,052 shares in the last quarter. Bfsg LLC grew its stake in Five Point by 8.5% in the fourth quarter. Bfsg LLC now owns 42,195 shares of the company's stock valued at $159,000 after purchasing an additional 3,310 shares in the last quarter. XTX Topco Ltd grew its stake in 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. Wellington Management Group LLP grew its stake in Five Point by 0.4% in the third quarter. Wellington Management Group LLP now owns 957,856 shares of the company's stock valued at $3,975,000 after purchasing an additional 4,281 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in Five Point by 14.9% in the fourth quarter. Squarepoint Ops LLC now owns 42,003 shares of the company's stock valued at $159,000 after purchasing an additional 5,447 shares in the last quarter. Institutional investors and hedge funds own 38.09% of the company's stock.

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Wall Street Analyst Weigh In

Separately, Zelman & Associates raised Five Point from a "neutral" rating to an "outperform" rating in a research 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.