Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Sells $333,790.08 in Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 106,984 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $3.12, for a total transaction of $333,790.08. Following the completion of the transaction, the insider now directly owns 54,928 shares in the company, valued at $171,375.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, May 13th, Luxor Capital Group, Lp sold 5,700 shares of Five Point stock. The stock was sold at an average price of $3.10, for a total transaction of $17,670.00.
• On Friday, May 10th, Luxor Capital Group, Lp sold 6,650 shares of Five Point stock. The stock was sold at an average price of $3.08, for a total transaction of $20,482.00.
• On Wednesday, May 8th, Luxor Capital Group, Lp sold 1,400 shares of Five Point stock. The stock was sold at an average price of $3.11, for a total transaction of $4,354.00.
• On Monday, May 6th, Luxor Capital Group, Lp sold 99,730 shares of Five Point stock. The stock was sold at an average price of $3.09, for a total transaction of $308,165.70.
• On Friday, May 3rd, Luxor Capital Group, Lp sold 3,400 shares of Five Point stock. The stock was sold at an average price of $3.05, for a total transaction of $10,370.00.
• On Wednesday, April 24th, Luxor Capital Group, Lp sold 11,796 shares of Five Point stock. The stock was sold at an average price of $2.99, for a total transaction of $35,270.04.

Five Point Price Performance

Five Point stock opened at $3.21 on Friday. The company has a market capitalization of $476.01 million, a price-to-earnings ratio of 3.78 and a beta of 1.47. Five Point Holdings, LLC has a one year low of $2.13 and a one year high of $3.60. The company’s fifty day moving average price is $3.08 and its two-hundred day moving average price is $3.11.

Hedge Funds Weigh In On Five Point

Several hedge funds have recently bought and sold shares of the business. O Keefe Stevens Advisory Inc. increased its position in Five Point by 8.1% during the second quarter. O Keefe Stevens Advisory Inc. now owns 1,705,415 shares of the company’s stock worth $4,997,000 after buying an additional 128,015 shares during the last quarter. Wellington Management Group LLP increased its position in Five Point by 1.7% during the third quarter. Wellington Management Group LLP now owns 1,184,583 shares of the company’s stock worth $3,518,000 after buying an additional 19,262 shares during the last quarter. TCW Group Inc. increased its position in Five Point by 0.4% during the second quarter. TCW Group Inc. now owns 1,133,537 shares of the company’s stock worth $3,321,000 after buying an additional 5,000 shares during the last quarter. ACR Alpine Capital Research LLC increased its position in Five Point by 19.3% during the first quarter. ACR Alpine Capital Research LLC now owns 828,123 shares of the company’s stock worth $2,592,000 after buying an additional 133,898 shares during the last quarter. Finally, Park West Asset Management LLC increased its position in Five Point by 75.0% during the fourth quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock worth $1,074,000 after buying an additional 150,000 shares during the last quarter. 38.09% of the stock is owned by institutional investors and hedge funds.

About Five Point

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.