Five Point Holdings, LLC (NYSE:FPH) Sees Large Increase in Short Interest

Five Point Holdings, LLC (NYSE:FPH) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 256,500 shares, a growth of 109.6% from the January 15th total of 122,400 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 376,800 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Five Point

A number of hedge funds have recently added to or reduced their stakes in FPH. Dimensional Fund Advisors LP raised its stake in shares of Five Point by 26.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 947,949 shares of the company’s stock worth $3,583,000 after acquiring an additional 198,103 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Five Point by 120.7% in the fourth quarter. Marshall Wace LLP now owns 72,036 shares of the company’s stock valued at $272,000 after purchasing an additional 39,391 shares in the last quarter. Jump Financial LLC bought a new position in Five Point in the 4th quarter worth approximately $70,000. Walleye Capital LLC acquired a new position in Five Point during the 4th quarter worth $180,000. Finally, XTX Topco Ltd boosted its position in Five Point by 24.5% in the 4th quarter. XTX Topco Ltd now owns 21,079 shares of the company’s stock valued at $80,000 after buying an additional 4,145 shares during the last quarter. Institutional investors own 38.09% of the company’s stock.

Five Point Price Performance

Shares of FPH opened at $5.90 on Friday. The company has a market capitalization of $874.17 million, a P/E ratio of 6.14 and a beta of 1.54. Five Point has a one year low of $2.83 and a one year high of $6.71. The business’s 50 day simple moving average is $4.50 and its 200-day simple moving average is $3.93.

Five Point (NYSE:FPH) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.65 EPS for the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%.

Analysts Set New Price Targets

Separately, Zelman & Associates upgraded shares of Five Point from a “neutral” rating to an “outperform” rating in a research report on Monday, January 27th.

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.