Insider Selling: Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Sells 8,990,369 Shares of Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $3.13, for a total transaction of $28,139,854.97. Following the sale, the insider now owns 4,248 shares in the company, valued at $13,296.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, September 19th, Luxor Capital Group, Lp sold 67,189 shares of Five Point stock. The stock was sold at an average price of $3.41, for a total transaction of $229,114.49.
• On Tuesday, September 17th, Luxor Capital Group, Lp sold 47,011 shares of Five Point stock. The shares were sold at an average price of $3.42, for a total transaction of $160,777.62.
• On Wednesday, July 24th, Luxor Capital Group, Lp sold 2,600 shares of Five Point stock. The stock was sold at an average price of $3.23, for a total value of $8,398.00.
• On Friday, July 19th, Luxor Capital Group, Lp sold 106,984 shares of Five Point stock. The shares were sold at an average price of $3.12, for a total value of $333,790.08.

Five Point Trading Up 1.4 %

FPH opened at $3.57 on Friday. The company’s 50 day moving average is $3.20 and its 200-day moving average is $3.12. The company has a market cap of $529.40 million, a P/E ratio of 4.20 and a beta of 1.45. Five Point Holdings, LLC has a 1-year low of $2.13 and a 1-year high of $3.63.

Five Point (NYSE:FPH) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $51.19 million during the quarter. Five Point had a net margin of 21.73% and a return on equity of 2.70%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FPH. Park West Asset Management LLC increased its stake 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 valued at $1,074,000 after buying an additional 150,000 shares during the period. ACR Alpine Capital Research LLC boosted its holdings in Five Point by 16.2% in the second quarter. ACR Alpine Capital Research LLC now owns 962,595 shares of the company’s stock valued at $2,820,000 after acquiring an additional 134,472 shares during the last quarter. O Keefe Stevens Advisory Inc. increased its position in Five Point by 8.1% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 1,705,415 shares of the company’s stock valued at $4,997,000 after purchasing an additional 128,015 shares during the period. Private Management Group Inc. raised its holdings in Five Point by 2.5% during the 2nd quarter. Private Management Group Inc. now owns 5,023,874 shares of the company’s stock worth $14,720,000 after purchasing an additional 124,806 shares during the last quarter. Finally, Choreo LLC acquired a new position in shares of Five Point in the 2nd quarter worth approximately $293,000. 38.09% of the stock is owned by institutional investors.

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.