Insider Selling: Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Sells 43,509 Shares of Stock

Posted by Hayley Millar on Apr 24th, 2024

Five Point Holdings, LLC (NYSE:FPH – Get Free Report) major shareholder Luxor Capital Group, Lp sold 43,509 shares of Five Point stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $3.07, for a total value of $133,572.63. Following the completion of the transaction, the insider now owns 56,603 shares of the company’s stock, valued at approximately $173,771.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

On Monday, April 22nd, Luxor Capital Group, Lp sold 21,794 shares of Five Point stock. The stock was sold at an average price of $3.03, for a total value of $66,035.82.
On Wednesday, April 17th, Luxor Capital Group, Lp sold 700 shares of Five Point stock. The stock was sold at an average price of $3.10, for a total value of $2,170.00.
On Monday, April 15th, Luxor Capital Group, Lp sold 725 shares of Five Point stock. The stock was sold at an average price of $3.17, for a total value of $2,298.25.
On Friday, April 12th, Luxor Capital Group, Lp sold 546 shares of Five Point stock. The stock was sold at an average price of $3.11, for a total value of $1,698.06.
On Wednesday, April 10th, Luxor Capital Group, Lp sold 23,881 shares of Five Point stock. The stock was sold at an average price of $3.07, for a total value of $73,314.67.
On Monday, April 8th, Luxor Capital Group, Lp sold 3,971 shares of Five Point stock. The stock was sold at an average price of $3.19, for a total value of $12,667.49.
On Monday, April 1st, Luxor Capital Group, Lp sold 4,163 shares of Five Point stock. The stock was sold at an average price of $3.15, for a total value of $13,113.45.
On Thursday, March 28th, Luxor Capital Group, Lp sold 1,251 shares of Five Point stock. The stock was sold at an average price of $3.20, for a total value of $4,003.20.
On Tuesday, March 26th, Luxor Capital Group, Lp sold 7,732 shares of Five Point stock. The shares were sold at an average price of $3.19, for a total value of $24,665.08.

Five Point Stock Performance

NYSE FPH remained flat at $3.00 on Tuesday. The company’s stock had a trading volume of 247,480 shares, compared to its average volume of 91,264. The stock’s 50 day simple moving average is $3.12 and its two-hundred day simple moving average is $2.91. The company has a market cap of $444.87 million, a P/E ratio of 3.53 and a beta of 1.43. Five Point Holdings, LLC has a 1-year low of $2.13 and a 1-year high of $3.74.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on Five Point

Institutional Investors Weigh In On Five Point

Institutional investors and hedge funds have recently bought and sold shares of the company. Aristeia Capital LLC bought a new stake in Five Point during the 3rd quarter valued at $54,000. WINTON GROUP Ltd bought a new position in shares of Five Point in the 3rd quarter worth $80,000. Bfsg LLC bought a new position in shares of Five Point in the 3rd quarter worth $116,000. LexAurum Advisors LLC raised its position in shares of Five Point by 386.1% in the 4th quarter. LexAurum Advisors LLC now owns 102,561 shares of the company’s stock worth $315,000 after acquiring an additional 81,461 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of Five Point by 6.7% in the 3rd quarter. Raymond James & Associates now owns 285,914 shares of the company’s stock worth $849,000 after acquiring an additional 17,833 shares in the last quarter. 38.09% of the stock is owned by institutional investors.

About Five Point

(Get Free Report)

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.