Greg Mcwilliams Sells 111,037 Shares of Five Point (NYSE:FPH) Stock

Five Point Holdings, LLC (NYSE:FPH) insider Greg Mcwilliams sold 111,037 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $5.23, for a total value of $580,723.51. Following the completion of the transaction, the insider directly owned 588,735 shares in the company, valued at approximately $3,079,084.05. This trade represents a 15.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Five Point Stock Up 0.8%

NYSE FPH traded up $0.04 on Tuesday, reaching $5.27. The stock had a trading volume of 152,412 shares, compared to its average volume of 179,521. Five Point Holdings, LLC has a 12-month low of $4.58 and a 12-month high of $6.64. The stock has a fifty day moving average price of $5.51 and a two-hundred day moving average price of $5.78. The firm has a market capitalization of $775.06 million, a price-to-earnings ratio of 5.49 and a beta of 1.39.

Five Point (NYSE:FPH) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $75.90 million for the quarter. Five Point had a net margin of 64.50% and a return on equity of 3.14%.

Institutional Trading of Five Point

Several hedge funds and other institutional investors have recently made changes to their positions in FPH. Royal Bank of Canada lifted its stake in Five Point by 66.3% in 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. increased its position in Five Point by 14.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company’s stock worth $323,000 after purchasing an additional 7,544 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Five Point by 16.9% during the 2nd 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. lifted its stake in shares of Five Point by 39.3% during the second quarter. American Century Companies Inc. now owns 129,904 shares of the company’s stock worth $714,000 after purchasing an additional 36,659 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Five Point in the second quarter valued at approximately $128,000. Hedge funds and other institutional investors own 38.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Five Point from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

About Five Point

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.