Five Point Holdings, LLC (NYSE:FPH) Short Interest Up 152.9% in January

Five Point Holdings, LLC (NYSE:FPH) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 220,300 shares, a growth of 152.9% from the December 31st total of 87,100 shares. Based on an average trading volume of 218,600 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.4% of the shares of the stock are sold short.

Five Point Stock Up 1.1 %

NYSE FPH traded up $0.07 during trading hours on Wednesday, hitting $6.04. 403,707 shares of the company were exchanged, compared to its average volume of 560,981. The stock has a market cap of $894.93 million, a PE ratio of 8.62 and a beta of 1.46. Five Point has a 52 week low of $2.83 and a 52 week high of $6.37. The stock has a 50-day moving average price of $3.96 and a 200 day moving average price of $3.67.

Five Point (NYSE:FPH) last released its quarterly 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 2.57% and a net margin of 26.19%.

Institutional Investors Weigh In On Five Point

Several institutional investors have recently made changes to their positions in FPH. XTX Topco Ltd purchased a new stake in Five Point in the third quarter worth $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 bought a new position in Five Point in the 3rd quarter worth about $76,000. SG Americas Securities LLC purchased a new position in shares of Five Point during the fourth quarter worth approximately $80,000. Finally, Virtu Financial LLC bought a new stake in shares of Five Point during the third quarter valued at approximately $105,000. Institutional investors own 38.09% of the company’s stock.

Analyst Ratings Changes

Separately, Zelman & Associates raised shares of Five Point from a “neutral” rating to an “outperform” rating in a research note on Monday.

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.