Five Point (NYSE:FPH) Hits New 52-Week Low – What’s Next?

Five Point Holdings, LLC (NYSE:FPH)’s stock price reached a new 52-week low on Thursday. The stock traded as low as $4.45 and last traded at $4.4450, with a volume of 77445 shares trading hands. The stock had previously closed at $4.54.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Five Point in a research note on Friday, July 31st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Five Point Stock Down 1.4%

The stock’s 50-day simple moving average is $5.01 and its two-hundred day simple moving average is $5.03. The company has a market capitalization of $661.76 million, a price-to-earnings ratio of 6.30 and a beta of 1.36.

Five Point (NYSE:FPH) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.19. Five Point had a net margin of 45.35% and a return on equity of 2.29%. The business had revenue of $13.90 million for the quarter, compared to the consensus estimate of $8.61 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Robotti Robert purchased a new stake in Five Point during the 2nd quarter worth approximately $36,702,000. Dimensional Fund Advisors LP lifted its position in shares of Five Point by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,380,446 shares of the company’s stock valued at $6,681,000 after acquiring an additional 3,500 shares in the last quarter. ACR Alpine Capital Research LLC boosted its stake in shares of Five Point by 10.3% in the first quarter. ACR Alpine Capital Research LLC now owns 1,229,255 shares of the company’s stock worth $5,950,000 after acquiring an additional 114,498 shares during the last quarter. Saber Capital Managment LLC acquired a new stake in shares of Five Point in the fourth quarter worth approximately $2,247,000. Finally, Renaissance Technologies LLC increased its position in shares of Five Point by 5.3% during the first quarter. Renaissance Technologies LLC now owns 270,162 shares of the company’s stock worth $1,308,000 after purchasing an additional 13,662 shares in the last quarter. 38.09% of the stock is owned by hedge funds and other institutional investors.

Five Point Company Profile

Five Point Holdings, LLC (NYSE: FPH) is a California-based real estate development company that owns and develops large-scale, mixed-use master-planned communities. Its projects typically combine residential neighborhoods with commercial, retail, office, educational, recreational and public-space components.

The company’s principal developments include Great Park Neighborhoods in Irvine, Newhall Ranch in Los Angeles County and Valencia in Santa Clarita. These communities are designed to provide a range of housing options alongside parks, trails, schools, business areas and other amenities.