Five Point Holdings, LLC (NYSE:FPH) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.27 and last traded at $13.34, with a volume of 55,862 shares changing hands. The stock had previously closed at $13.73.

A number of brokerages have issued reports on FPH. Evercore ISI began coverage on shares of Five Point Holdings in a report on Monday, June 5th. They set an “outperform” rating and a $18.50 target price on the stock. JMP Securities began coverage on shares of Five Point Holdings in a report on Monday, June 5th. They set an “outperform” rating and a $23.00 target price on the stock. J P Morgan Chase & Co began coverage on shares of Five Point Holdings in a report on Monday, June 5th. They set a “neutral” rating and a $18.00 target price on the stock. Wells Fargo & Company began coverage on shares of Five Point Holdings in a report on Monday, June 5th. They set a “market perform” rating on the stock. Finally, Citigroup Inc. began coverage on shares of Five Point Holdings in a report on Monday, June 5th. They set a “buy” rating and a $20.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $19.70.

The firm’s market cap is $830.22 million. The stock’s 50 day moving average price is $14.41 and its 200 day moving average price is $14.77.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPH. OZ Management LP bought a new position in Five Point Holdings in the second quarter worth approximately $72,611,000. FMR LLC bought a new position in Five Point Holdings in the second quarter worth approximately $67,099,000. Marathon Asset Management LP bought a new position in Five Point Holdings in the second quarter worth approximately $63,547,000. Neuberger Berman Group LLC bought a new position in Five Point Holdings in the second quarter worth approximately $52,366,000. Finally, Third Avenue Management LLC bought a new position in Five Point Holdings in the second quarter worth approximately $36,408,000. Institutional investors and hedge funds own 33.64% of the company’s stock.

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About Five Point Holdings

Five Point Holdings, LLC, formerly Newhall Holding Company, LLC, is the owner and developer of mixed-use, planned communities in coastal California. The Company is primarily engaged in the business of planning and developing its three mixed-use, planned communities. It operates in three segments: Newhall, San Francisco and Great Park.

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