Five Point Holdings, LLC (NYSE:FPH) Sees Significant Increase in Short Interest

Five Point Holdings, LLC (NYSE:FPH) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 384,400 shares, a growth of 11.8% from the October 15th total of 343,800 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 85,500 shares, the days-to-cover ratio is presently 4.5 days.

Insider Buying and Selling at Five Point

In other Five Point news, major shareholder Luxor Capital Group, Lp sold 14,500 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $2.59, for a total value of $37,555.00. Following the transaction, the insider now owns 67,397 shares in the company, valued at approximately $174,558.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 102,456 shares of company stock valued at $292,787 over the last quarter. 4.28% of the stock is currently owned by insiders.

Institutional Trading of Five Point

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC boosted its position in shares of Five Point by 240.8% during the 4th quarter. Millennium Management LLC now owns 507,928 shares of the company’s stock valued at $1,183,000 after acquiring an additional 358,883 shares during the last quarter. TCW Group Inc. boosted its holdings in Five Point by 79.3% in the 1st quarter. TCW Group Inc. now owns 547,000 shares of the company’s stock valued at $1,291,000 after purchasing an additional 242,000 shares during the last quarter. Private Management Group Inc. grew its stake in shares of Five Point by 3.6% in the 1st quarter. Private Management Group Inc. now owns 4,789,235 shares of the company’s stock valued at $11,303,000 after buying an additional 164,811 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Five Point by 21.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 860,161 shares of the company’s stock worth $2,237,000 after buying an additional 149,820 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. increased its holdings in shares of Five Point by 9.9% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 1,483,000 shares of the company’s stock worth $4,286,000 after buying an additional 133,619 shares during the last quarter. 29.40% of the stock is owned by institutional investors and hedge funds.

Five Point Trading Down 2.3 %

FPH stock traded down $0.06 during mid-day trading on Friday, reaching $2.51. The company’s stock had a trading volume of 36,104 shares, compared to its average volume of 75,285. The company’s 50 day moving average is $2.70 and its two-hundred day moving average is $2.76. Five Point has a fifty-two week low of $1.88 and a fifty-two week high of $3.74. The stock has a market cap of $372.56 million, a PE ratio of 5.03 and a beta of 1.42.

Five Point (NYSE:FPH) last posted its quarterly earnings results on Thursday, October 19th. The company reported $0.09 EPS for the quarter. Five Point had a return on equity of 1.95% and a net margin of 33.57%. The firm had revenue of $65.92 million during the quarter.

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 and medical campus, and other properties; and provides development and property management services.