Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Sells $24,665.08 in Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 7,732 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $3.19, for a total value of $24,665.08. Following the transaction, the insider now directly owns 57,239 shares in the company, valued at $182,592.41. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

• On Thursday, March 28th, Luxor Capital Group, Lp sold 1,251 shares of Five Point stock. The shares were sold at an average price of $3.20, for a total value of $4,003.20.
• On Tuesday, January 16th, Luxor Capital Group, Lp sold 7,556 shares of Five Point stock. The stock was sold at an average price of $2.79, for a total value of $21,081.24.
• On Thursday, January 4th, Luxor Capital Group, Lp sold 4,543 shares of Five Point stock. The stock was sold at an average price of $3.05, for a total value of $13,856.15.
• On Tuesday, January 2nd, Luxor Capital Group, Lp sold 6,465 shares of Five Point stock. The stock was sold at an average price of $3.15, for a total value of $20,364.75.

Five Point Trading Up 1.6 %

Five Point stock traded up $0.05 during trading on Thursday, reaching $3.14. The company had a trading volume of 98,786 shares, compared to its average volume of 96,247. Five Point Holdings, LLC has a 52 week low of $2.13 and a 52 week high of $3.74. The firm’s 50-day simple moving average is $3.21 and its 200 day simple moving average is $2.90. The firm has a market capitalization of $465.63 million, a price-to-earnings ratio of 4.19 and a beta of 1.44.

Five Point (NYSE:FPH) last issued its quarterly earnings results on Thursday, January 18th. The company reported $0.39 earnings per share (EPS) for the quarter. Five Point had a return on equity of 2.89% and a net margin of 26.16%. The business had revenue of $118.76 million during the quarter.

Analysts Set New Price Targets

Separately, TheStreet raised Five Point from a “d” rating to a “c-” rating in a report on Friday, January 19th.

Institutional Investors Weigh In On Five Point

A number of institutional investors have recently bought and sold shares of FPH. Park West Asset Management LLC grew its position in shares of Five Point by 75.0% during the fourth quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock valued at $1,074,000 after purchasing an additional 150,000 shares in the last quarter. TCW Group Inc. grew its position in shares of Five Point by 17.2% during the fourth quarter. TCW Group Inc. now owns 826,037 shares of the company’s stock valued at $2,536,000 after purchasing an additional 121,337 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Five Point by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 559,142 shares of the company’s stock valued at $1,717,000 after purchasing an additional 29,234 shares in the last quarter. ACR Alpine Capital Research LLC grew its position in shares of Five Point by 15.0% during the fourth quarter. ACR Alpine Capital Research LLC now owns 694,225 shares of the company’s stock valued at $2,131,000 after purchasing an additional 90,342 shares in the last quarter. Finally, LexAurum Advisors LLC grew its position in shares of Five Point by 386.1% during the fourth quarter. LexAurum Advisors LLC now owns 102,561 shares of the company’s stock valued at $315,000 after purchasing an additional 81,461 shares in the last quarter. Hedge funds and other institutional investors own 38.09% of the company’s stock.

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.