Private Management Group Inc. Sells 41,000 Shares of Five Point Holdings, LLC (NYSE:FPH)

Private Management Group Inc. lessened its position in shares of Five Point Holdings, LLC (NYSE:FPH) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,918,547 shares of the company’s stock after selling 41,000 shares during the quarter. Private Management Group Inc. owned about 3.31% of Five Point worth $15,100,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Aristeia Capital LLC acquired a new position in Five Point during the 3rd quarter valued at approximately $54,000. WINTON GROUP Ltd acquired a new position in Five Point during the 3rd quarter valued at approximately $80,000. Bfsg LLC acquired a new position in Five Point during the 3rd quarter valued at approximately $116,000. LexAurum Advisors LLC increased its stake in Five Point by 386.1% during the 4th 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. Finally, Raymond James & Associates increased its stake in Five Point by 6.7% during the 3rd quarter. Raymond James & Associates now owns 285,914 shares of the company’s stock valued at $849,000 after purchasing an additional 17,833 shares in the last quarter. Institutional investors own 38.09% of the company’s stock.

Insider Activity

In other news, major shareholder Luxor Capital Group, Lp sold 43,509 shares of the company’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $3.07, for a total value of $133,572.63. Following the sale, the insider now directly owns 56,603 shares of the company’s stock, valued at approximately $173,771.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 108,272 shares of company stock valued at $333,539 in the last ninety days. Insiders own 4.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded shares of Five Point from a “d” rating to a “c-” rating in a research note on Friday, January 19th.

Five Point Stock Performance

Shares of FPH stock remained flat at $3.00 during trading hours on Tuesday. 247,480 shares of the stock traded hands, compared to its average volume of 91,264. The stock has a 50-day simple moving average of $3.12 and a 200 day simple moving average of $2.91. The stock has a market cap of $444.87 million, a PE ratio of 3.53 and a beta of 1.43. Five Point Holdings, LLC has a fifty-two week low of $2.13 and a fifty-two week high of $3.74.

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.