Five Point (NYSE:FPH) Sees Large Volume Increase – Should You Buy?

Shares of Five Point Holdings, LLC (NYSE:FPH) saw unusually-strong trading volume on Thursday . Approximately 121,491 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 191,468 shares.The stock last traded at $4.06 and had previously closed at $3.90.

Five Point Price Performance

The company has a market cap of $602.80 million, a P/E ratio of 5.81 and a beta of 1.46. The stock’s 50-day moving average price is $3.67 and its 200-day moving average price is $3.28.

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

Insiders Place Their Bets

In related news, major shareholder Luxor Capital Group, Lp sold 67,189 shares of the firm’s stock in a transaction on 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 owns 53,853 shares in the company, valued at approximately $183,638.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Luxor Capital Group, Lp sold 67,189 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $3.41, for a total transaction of $229,114.49. Following the sale, the insider now owns 53,853 shares in the company, valued at approximately $183,638.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sam Levinson acquired 3,283,024 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average cost of $3.15 per share, for a total transaction of $10,341,525.60. Following the completion of the purchase, the director now directly owns 6,219,241 shares of the company’s stock, valued at $19,590,609.15. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 9,104,569 shares of company stock worth $28,529,747 in the last 90 days. Company insiders own 4.36% of the company’s stock.

Hedge Funds Weigh In On Five Point

A number of institutional investors have recently modified their holdings of the business. Private Management Group Inc. boosted its stake in Five Point by 2.5% in the second quarter. Private Management Group Inc. now owns 5,023,874 shares of the company’s stock valued at $14,720,000 after buying an additional 124,806 shares in the last quarter. O Keefe Stevens Advisory Inc. boosted its stake in shares of Five Point by 18.4% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 2,018,525 shares of the company’s stock valued at $8,377,000 after purchasing an additional 313,110 shares in the last quarter. TCW Group Inc. grew its holdings in shares of Five Point by 0.4% during the 2nd quarter. TCW Group Inc. now owns 1,133,537 shares of the company’s stock valued at $3,321,000 after purchasing an additional 5,000 shares during the last quarter. ACR Alpine Capital Research LLC increased its position in Five Point by 16.2% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 962,595 shares of the company’s stock worth $2,820,000 after purchasing an additional 134,472 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Five Point by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock valued at $1,928,000 after purchasing an additional 77,369 shares during the last quarter. Institutional investors and hedge funds 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.