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

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

Insider Transactions at Five Point

In other news, major shareholder Luxor Capital Group, Lp sold 67,189 shares of Five Point stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $3.41, for a total value of $229,114.49. Following the transaction, the insider now directly owns 53,853 shares in the company, valued at approximately $183,638.73. The trade was a 55.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sam Levinson bought 3,283,024 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were acquired at an average price of $3.15 per share, with a total value of $10,341,525.60. Following the purchase, the director now owns 6,219,241 shares in the company, valued at $19,590,609.15. This trade represents a 111.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 9,104,569 shares of company stock worth $28,529,747. 4.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Five Point

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in shares of Five Point in the 3rd quarter worth approximately $70,000. Pure Financial Advisors LLC acquired a new stake in Five Point during the third quarter worth $73,000. Jane Street Group LLC acquired a new stake in Five Point during the third quarter worth $76,000. WINTON GROUP Ltd increased its holdings in Five Point by 89.3% in the 2nd quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock valued at $107,000 after buying an additional 17,196 shares during the period. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Five Point by 12.6% in the 1st quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock valued at $140,000 after buying an additional 5,000 shares in the last quarter. 38.09% of the stock is currently owned by institutional investors.

Five Point Stock Up 1.6 %

Shares of FPH stock traded up $0.06 during trading hours on Friday, reaching $3.77. 205,841 shares of the company’s stock were exchanged, compared to its average volume of 194,384. Five Point has a fifty-two week low of $2.38 and a fifty-two week high of $4.39. The business has a fifty day moving average price of $3.82 and a 200-day moving average price of $3.35. The stock has a market capitalization of $559.05 million, a P/E ratio of 5.38 and a beta of 1.47.

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 company had revenue of $17.01 million for the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%.

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.