Five Point (NYSE:FPH) Hits New 12-Month High – What’s Next?

Five Point Holdings, LLC (NYSE:FPH) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $6.44 and last traded at $6.46, with a volume of 563563 shares trading hands. The stock had previously closed at $6.04.

Analysts Set New Price Targets

Separately, Zelman & Associates upgraded Five Point from a “neutral” rating to an “outperform” rating in a research note on Monday.

Five Point Stock Up 6.5 %

The company’s fifty day simple moving average is $4.00 and its 200 day simple moving average is $3.69. The stock has a market capitalization of $954.25 million, a price-to-earnings ratio of 9.19 and a beta of 1.46.

Five Point (NYSE:FPH) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.65 earnings per share for the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%.

Institutional Investors Weigh In On Five Point

A number of hedge funds and other institutional investors have recently modified their holdings of FPH. Private Management Group Inc. grew its position in Five Point by 9.8% during the fourth quarter. Private Management Group Inc. now owns 5,525,607 shares of the company’s stock worth $20,887,000 after buying an additional 493,138 shares in the last quarter. O Keefe Stevens Advisory Inc. grew its holdings in shares of Five Point by 8.1% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company’s stock worth $8,249,000 after purchasing an additional 163,647 shares in the last quarter. TCW Group Inc. increased its position in shares of Five Point by 3.1% in the third quarter. TCW Group Inc. now owns 1,168,437 shares of the company’s stock worth $4,849,000 after purchasing an additional 34,900 shares during the period. Wellington Management Group LLP raised its stake in Five Point by 0.4% in the third quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock valued at $3,975,000 after purchasing an additional 4,281 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Five Point by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after purchasing an additional 77,369 shares during the period. Institutional investors and hedge funds own 38.09% of the company’s stock.

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.