Five Point (NYSE:FPH) Shares Up 3.4% – Should You Buy?

Shares of Five Point Holdings, LLC (NYSE:FPH) rose 3.4% on Wednesday . The stock traded as high as $5.52 and last traded at $5.51. Approximately 88,380 shares were traded during trading, a decline of 67% from the average daily volume of 266,550 shares. The stock had previously closed at $5.33.

Analyst Ratings Changes

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

Five Point Trading Down 2.2 %

The firm has a 50-day simple moving average of $5.58 and a two-hundred day simple moving average of $4.43. The company has a market capitalization of $788.17 million, a price-to-earnings ratio of 5.52 and a beta of 1.59.

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

Insider Transactions at Five Point

In other Five Point news, insider Kim Tobler sold 18,496 shares of Five Point stock in a transaction on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total value of $106,906.88. Following the completion of the transaction, the insider now directly owns 17,927 shares of the company’s stock, valued at $103,618.06. The trade was a 50.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.36% of the stock is currently owned by insiders.

Institutional Trading of Five Point

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Five Point during the fourth quarter valued at about $45,000. Envestnet Asset Management Inc. lifted its holdings in Five Point by 21.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company’s stock worth $66,000 after acquiring an additional 3,052 shares during the period. XTX Topco Ltd purchased a new stake in Five Point during the third quarter worth about $70,000. Jump Financial LLC purchased a new position in Five Point in the fourth quarter valued at approximately $70,000. Finally, Wolverine Trading LLC bought a new stake in Five Point in the 4th quarter valued at about $74,000. 38.09% of the stock is currently owned by institutional investors.

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.