Five Point Holdings, LLC (NYSE:FPH) Short Interest Up 23.2% in February

Five Point Holdings, LLC (NYSE:FPH) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 513,400 shares, an increase of 23.2% from the February 13th total of 416,700 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 394,700 shares, the short-interest ratio is presently 1.3 days.

Analyst Ratings Changes

Separately, Zelman & Associates upgraded Five Point from a “neutral” rating to an “outperform” rating in a research report on Monday, January 27th.

Five Point Price Performance

Shares of Five Point stock traded down $0.04 during trading on Wednesday, reaching $5.42. 18,983 shares of the company traded hands, compared to its average volume of 264,383. The firm has a market capitalization of $806.02 million, a PE ratio of 5.64 and a beta of 1.59. Five Point has a 1-year low of $2.83 and a 1-year high of $6.71. The company has a 50 day moving average price of $5.31 and a 200-day moving average price of $4.32.

Five Point (NYSE:FPH) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.65 EPS 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 news, insider Kim Tobler sold 18,496 shares of the firm’s stock in a transaction that occurred on Saturday, March 8th. The shares were sold at an average price of $5.78, for a total value of $106,906.88. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.36% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wolverine Trading LLC bought a new position in Five Point during the fourth quarter valued at $74,000. Squarepoint Ops LLC increased its holdings in Five Point by 14.9% in the 4th quarter. Squarepoint Ops LLC now owns 42,003 shares of the company’s stock worth $159,000 after acquiring an additional 5,447 shares during the last quarter. Millennium Management LLC raised its stake in Five Point by 11.3% in the 4th quarter. Millennium Management LLC now owns 270,955 shares of the company’s stock valued at $1,024,000 after acquiring an additional 27,531 shares during the period. Lazard Asset Management LLC bought a new position in Five Point during the fourth quarter worth about $45,000. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Five Point by 313.7% in the fourth quarter. Cubist Systematic Strategies LLC now owns 71,892 shares of the company’s stock worth $272,000 after purchasing an additional 54,516 shares in the last quarter. 38.09% of the stock is owned by institutional investors.

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.