Five Point Holdings, LLC (NYSE:FPH) Short Interest Update

Five Point Holdings, LLC (NYSE:FPH) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 123,400 shares, a decline of 9.6% from the May 31st total of 136,500 shares. Based on an average daily trading volume, of 68,100 shares, the short-interest ratio is presently 1.8 days. Approximately 0.2% of the shares of the stock are sold short.

Insider Buying and Selling

In other Five Point news, major shareholder Luxor Capital Group, Lp sold 99,730 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $3.09, for a total transaction of $308,165.70. Following the completion of the transaction, the insider now directly owns 55,792 shares in the company, valued at approximately $172,397.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 223,802 shares of company stock worth $688,069 in the last three months. Corporate insiders own 4.36% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. O Keefe Stevens Advisory Inc. grew its position in shares of Five Point by 1.9% in the first quarter. O Keefe Stevens Advisory Inc. now owns 1,577,400 shares of the company’s stock valued at $4,937,000 after purchasing an additional 28,841 shares during the period. Wellington Management Group LLP increased its stake in shares of Five Point by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,184,583 shares of the company’s stock valued at $3,518,000 after acquiring an additional 19,262 shares during the last quarter. ACR Alpine Capital Research LLC increased its stake in shares of Five Point by 19.3% during the 1st quarter. ACR Alpine Capital Research LLC now owns 828,123 shares of the company’s stock valued at $2,592,000 after acquiring an additional 133,898 shares during the last quarter. TCW Group Inc. lifted its holdings in shares of Five Point by 17.2% during the 4th quarter. TCW Group Inc. now owns 826,037 shares of the company’s stock worth $2,536,000 after acquiring an additional 121,337 shares during the period. Finally, Park West Asset Management LLC boosted its position in shares of Five Point by 75.0% in the fourth quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock worth $1,074,000 after acquiring an additional 150,000 shares during the last quarter. Hedge funds and other institutional investors own 38.09% of the company’s stock.

Five Point Stock Performance

Five Point stock traded down $0.02 during midday trading on Wednesday, reaching $2.97. 16,932 shares of the company were exchanged, compared to its average volume of 79,461. The firm’s 50-day simple moving average is $3.08 and its 200-day simple moving average is $3.10. Five Point has a 1 year low of $2.13 and a 1 year high of $3.74. The company has a market capitalization of $439.68 million, a price-to-earnings ratio of 3.49 and a beta of 1.47.

Five Point (NYSE:FPH) last issued its quarterly earnings results on Thursday, April 18th. The company reported $0.03 EPS for the quarter. The business had revenue of $9.94 million during the quarter. Five Point had a net margin of 28.83% and a return on equity of 3.19%.

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.