Short Interest in Five Point Holdings, LLC (NYSE:FPH) Rises By 20.7%

Five Point Holdings, LLC (NYSE:FPH) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 404,422 shares, a growth of 20.7% from the January 15th total of 335,128 shares. Based on an average daily volume of 160,832 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 160,832 shares, the days-to-cover ratio is currently 2.5 days.

Five Point Trading Up 0.5%

Five Point stock traded up $0.03 during trading on Tuesday, reaching $5.43. The company had a trading volume of 208,219 shares, compared to its average volume of 165,513. The firm has a market capitalization of $797.85 million, a price-to-earnings ratio of 5.65 and a beta of 1.40. The firm’s 50-day simple moving average is $5.54 and its 200 day simple moving average is $5.78. Five Point has a 52 week low of $4.58 and a 52 week high of $6.64.

Five Point (NYSE:FPH) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.31 EPS for the quarter. Five Point had a return on equity of 3.17% and a net margin of 64.50%.The firm had revenue of $75.90 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Five Point from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Insiders Place Their Bets

In other news, insider Kim Tobler sold 18,714 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $6.01, for a total transaction of $112,471.14. Following the sale, the insider owned 35,636 shares in the company, valued at $214,172.36. This represents a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 21.49% of the company’s stock.

Institutional Trading of Five Point

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in shares of Five Point by 66.3% during the 1st quarter. Royal Bank of Canada now owns 89,847 shares of the company’s stock valued at $481,000 after buying an additional 35,818 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Five Point by 14.2% during the first quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company’s stock valued at $323,000 after acquiring an additional 7,544 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Five Point by 16.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 107,384 shares of the company’s stock valued at $591,000 after acquiring an additional 15,533 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Five Point by 39.3% in the second quarter. American Century Companies Inc. now owns 129,904 shares of the company’s stock worth $714,000 after acquiring an additional 36,659 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Five Point in the second quarter worth about $128,000. 38.09% of the stock is owned by hedge funds and other institutional investors.

Five Point Company Profile

Five Point Holdings, L.P. (NYSE:FPH) is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.