Five Point (NYSE:FPH) Sets New 12-Month Low – Here’s What Happened

Shares of Five Point Holdings, LLC (NYSE:FPH) hit a new 52-week low on Thursday. The stock traded as low as $4.45 and last traded at $4.4450, with a volume of 77445 shares traded. The stock had previously closed at $4.54.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Five Point in a research note on Friday, July 31st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Five Point Trading Down 1.4%

The company’s 50-day moving average is $5.01 and its 200 day moving average is $5.03. The stock has a market capitalization of $661.76 million, a PE ratio of 6.30 and a beta of 1.36.

Five Point (NYSE:FPH) last released its earnings results on Thursday, July 23rd. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.19. The company had revenue of $13.90 million for the quarter, compared to the consensus estimate of $8.61 million. Five Point had a net margin of 45.35% and a return on equity of 2.29%.

Institutional Trading of Five Point

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robotti Robert purchased a new stake in shares of Five Point in the second quarter worth about $36,702,000. Saber Capital Managment LLC purchased a new position in Five Point during the fourth quarter valued at approximately $2,247,000. Lee Danner & Bass Inc. purchased a new position in Five Point during the first quarter valued at approximately $823,000. Flax Pond Capital LLC acquired a new position in Five Point in the fourth quarter valued at approximately $699,000. Finally, ACR Alpine Capital Research LLC lifted its holdings in Five Point by 10.3% in the first quarter. ACR Alpine Capital Research LLC now owns 1,229,255 shares of the company’s stock valued at $5,950,000 after acquiring an additional 114,498 shares during the period. Institutional investors and hedge funds own 38.09% of the company’s stock.

About Five Point

Five Point Holdings, LLC (NYSE: FPH) is a California-based real estate development company that owns and develops large-scale, mixed-use master-planned communities. Its projects typically combine residential neighborhoods with commercial, retail, office, educational, recreational and public-space components.

The company’s principal developments include Great Park Neighborhoods in Irvine, Newhall Ranch in Los Angeles County and Valencia in Santa Clarita. These communities are designed to provide a range of housing options alongside parks, trails, schools, business areas and other amenities.