The Manufacturers Life Insurance Company Decreases Position in Five Point Holdings, LLC (NYSE:FPH)

The Manufacturers Life Insurance Company trimmed its stake in Five Point Holdings, LLC (NYSE:FPH - Free Report) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,872,075 shares of the company's stock after selling 181,970 shares during the quarter. The Manufacturers Life Insurance Company owned about 2.61% of Five Point worth $16,069,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. O Keefe Stevens Advisory Inc. raised its holdings in Five Point by 18.4% during the third quarter. O Keefe Stevens Advisory Inc. now owns 2,018,525 shares of the company's stock worth $8,377,000 after buying an additional 313,110 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Five Point by 0.4% in the 2nd quarter. TCW Group Inc. now owns 1,133,537 shares of the company's stock worth $3,321,000 after acquiring an additional 5,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Five Point by 131.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,376 shares of the company's stock valued at $367,000 after acquiring an additional 50,234 shares in the last quarter. Choreo LLC acquired a new position in Five Point during the 2nd quarter valued at about $293,000. Finally, Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 77,369 shares in the last quarter. 38.09% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Luxor Capital Group, Lp sold 47,011 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $3.42, for a total transaction of $160,777.62. Following the completion of the sale, the insider now directly owns 54,543 shares of the company's stock, valued at approximately $186,537.06. This trade represents a 46.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sam Levinson purchased 3,283,024 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The shares were acquired at an average price of $3.15 per share, for a total transaction of $10,341,525.60. Following the completion of the acquisition, the director now directly owns 6,219,241 shares of the company's stock, valued at $19,590,609.15. This trade represents a 111.81 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 9,104,569 shares of company stock worth $28,529,747 over the last quarter. Insiders own 4.36% of the company's stock.

Five Point Stock Performance

Shares of Five Point stock traded down $0.01 on Monday, hitting $4.05. The company had a trading volume of 39,625 shares, compared to its average volume of 193,678. The stock has a market capitalization of $600.57 million, a price-to-earnings ratio of 5.80 and a beta of 1.47. Five Point Holdings, LLC has a 1 year low of $2.38 and a 1 year high of $4.39. The stock has a 50 day moving average of $3.95 and a 200-day moving average of $3.41.

Five Point (NYSE:FPH - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The company reported $0.07 EPS for the quarter. The business had revenue of $17.01 million during the quarter. Five Point had a return on equity of 2.57% and a net margin of 26.19%.

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.