Luxor Capital Group, Lp Sells 21,794 Shares of Five Point Holdings, LLC (NYSE:FPH) Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 21,794 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $3.03, for a total value of $66,035.82. Following the transaction, the insider now owns 56,485 shares in the company, valued at approximately $171,149.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

• On Wednesday, April 17th, Luxor Capital Group, Lp sold 700 shares of Five Point stock. The stock was sold at an average price of $3.10, for a total value of $2,170.00.
• On Monday, April 15th, Luxor Capital Group, Lp sold 725 shares of Five Point stock. The stock was sold at an average price of $3.17, for a total value of $2,298.25.
• On Friday, April 12th, Luxor Capital Group, Lp sold 546 shares of Five Point stock. The shares were sold at an average price of $3.11, for a total value of $1,698.06.
• On Wednesday, April 10th, Luxor Capital Group, Lp sold 23,881 shares of Five Point stock. The shares were sold at an average price of $3.07, for a total value of $73,314.67.
• On Monday, April 8th, Luxor Capital Group, Lp sold 3,971 shares of Five Point stock. The stock was sold at an average price of $3.19, for a total value of $12,667.49.
• On Monday, April 1st, Luxor Capital Group, Lp sold 4,163 shares of Five Point stock. The stock was sold at an average price of $3.15, for a total value of $13,113.45.
• On Thursday, March 28th, Luxor Capital Group, Lp sold 1,251 shares of Five Point stock. The shares were sold at an average price of $3.20, for a total value of $4,003.20.
• On Tuesday, March 26th, Luxor Capital Group, Lp sold 7,732 shares of Five Point stock. The stock was sold at an average price of $3.19, for a total value of $24,665.08.

Five Point Price Performance

NYSE FPH remained flat at $3.00 during trading hours on Tuesday. The company had a trading volume of 247,480 shares, compared to its average volume of 91,264. Five Point Holdings, LLC has a 52-week low of $2.13 and a 52-week high of $3.74. The stock has a market cap of $444.87 million, a P/E ratio of 3.53 and a beta of 1.43. The business’s fifty day moving average is $3.12 and its 200 day moving average is $2.91.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Five Point

Several large investors have recently modified their holdings of FPH. Park West Asset Management LLC boosted its stake in Five Point by 75.0% in the fourth quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock valued at $1,074,000 after acquiring an additional 150,000 shares during the period. TCW Group Inc. boosted its position in shares of Five Point by 17.2% during the fourth quarter. TCW Group Inc. now owns 826,037 shares of the company’s stock worth $2,536,000 after buying an additional 121,337 shares during the period. ACR Alpine Capital Research LLC lifted its position in Five Point by 15.0% in the fourth quarter. ACR Alpine Capital Research LLC now owns 694,225 shares of the company’s stock worth $2,131,000 after purchasing an additional 90,342 shares during the period. LexAurum Advisors LLC lifted its position in Five Point by 386.1% in the fourth quarter. LexAurum Advisors LLC now owns 102,561 shares of the company’s stock worth $315,000 after purchasing an additional 81,461 shares during the period. Finally, O Keefe Stevens Advisory Inc. lifted its position in Five Point by 2.8% in the third quarter. O Keefe Stevens Advisory Inc. now owns 1,524,172 shares of the company’s stock worth $4,527,000 after purchasing an additional 41,172 shares during the period. Institutional investors own 38.09% of the company’s stock.

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.