Five Point Holdings, LLC (NYSE:FPH)’s share price 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 equities analysts have recently issued reports on FPH shares. Evercore ISI started coverage on shares of Five Point Holdings in a research note on Monday, June 5th. They issued an “outperform” rating and a $18.50 price objective for the company. Wells Fargo & Company started coverage on shares of Five Point Holdings in a research note on Monday, June 5th. They issued a “market perform” rating for the company. J P Morgan Chase & Co started coverage on shares of Five Point Holdings in a research note on Monday, June 5th. They issued a “neutral” rating and a $18.00 price objective for the company. Citigroup Inc. started coverage on shares of Five Point Holdings in a research note on Monday, June 5th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, JMP Securities started coverage on shares of Five Point Holdings in a research note on Monday, June 5th. They issued an “outperform” rating and a $23.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Five Point Holdings has a consensus rating of “Buy” and an average target price of $19.70.

The firm’s market capitalization is $825.86 million. The stock’s 50-day moving average price is $14.34 and its 200 day moving average price is $14.74.

Several institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Five Point Holdings during the second quarter worth $108,000. Nationwide Fund Advisors acquired a new position in Five Point Holdings in the second quarter valued at about $130,000. JPMorgan Chase & Co. acquired a new position in Five Point Holdings in the second quarter valued at about $144,000. Laurion Capital Management LP acquired a new position in Five Point Holdings in the second quarter valued at about $738,000. Finally, Pine River Capital Management L.P. acquired a new position in Five Point Holdings in the second quarter valued at about $738,000. 33.64% of the stock is owned by institutional investors.

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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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