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

Five Point Holdings, LLC (NYSE:FPH) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 110,100 shares, a drop of 15.8% from the October 15th total of 130,800 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 448,300 shares, the short-interest ratio is currently 0.2 days.

Insider Transactions at Five Point

In related news, major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of Five Point stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $3.13, for a total value of $28,139,854.97. Following the completion of the transaction, the insider now directly owns 4,248 shares of the company’s stock, valued at $13,296.24. The trade was a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sam Levinson purchased 3,283,024 shares of Five Point stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average price of $3.15 per share, for a total transaction of $10,341,525.60. Following the transaction, the director now owns 6,219,241 shares in the company, valued at $19,590,609.15. This represents a 111.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 9,104,569 shares of company stock valued at $28,529,747. Corporate insiders own 4.36% of the company’s stock.

Institutional Investors Weigh In On Five Point

A number of institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new position in Five Point in the third quarter valued at approximately $70,000. Jane Street Group LLC acquired a new stake in shares of Five Point during the third quarter worth $76,000. Wellington Management Group LLP increased its holdings 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Five Point by 131.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,376 shares of the company’s stock valued at $367,000 after buying an additional 50,234 shares during the period. Finally, Pure Financial Advisors LLC bought a new position in Five Point during the third quarter worth about $73,000. 38.09% of the stock is owned by institutional investors.

Five Point Stock Up 1.6 %

NYSE:FPH traded up $0.06 during trading hours on Friday, hitting $3.77. 205,841 shares of the stock were exchanged, compared to its average volume of 194,384. The company’s 50 day moving average is $3.82 and its two-hundred day moving average is $3.35. The company has a market capitalization of $559.05 million, a P/E ratio of 5.38 and a beta of 1.47. Five Point has a twelve month low of $2.38 and a twelve month high of $4.39.

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

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.