Five Point (NYSE:FPH) Hits New 1-Year Low – Should You Sell?

Five Point Holdings, LLC (NYSE:FPH)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $4.69 and last traded at $4.8010, with a volume of 207624 shares. The stock had previously closed at $4.71.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Five Point from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Five Point Trading Up 1.9%

The firm has a market capitalization of $712.95 million, a price-to-earnings ratio of 7.87 and a beta of 1.34. The company has a fifty day moving average price of $4.99 and a two-hundred day moving average price of $5.45.

Five Point (NYSE:FPH) last issued its earnings results on Thursday, April 23rd. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. Five Point had a return on equity of 1.99% and a net margin of 41.16%.The business had revenue of $13.58 million for the quarter, compared to analysts’ expectations of $8.61 million.

Insider Buying and Selling

In related news, insider Greg Mcwilliams sold 111,037 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $5.23, for a total value of $580,723.51. Following the transaction, the insider directly owned 588,735 shares in the company, valued at approximately $3,079,084.05. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 20.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FPH. JBF Capital Inc. acquired a new position in Five Point in the fourth quarter valued at approximately $56,000. State of Wyoming acquired a new position in Five Point in the second quarter valued at approximately $58,000. Lazard Asset Management LLC acquired a new position in Five Point in the first quarter valued at approximately $79,000. Occudo Quantitative Strategies LP lifted its holdings in Five Point by 17.7% in the third quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock valued at $103,000 after acquiring an additional 2,537 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Five Point in the second quarter valued at approximately $128,000. 38.09% of the stock is currently owned by institutional investors and hedge funds.

Five Point Company Profile

Five Point Holdings, L.P. (NYSE:FPH) is a California?based master planned community developer specializing in residential, commercial and mixed?use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single?family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large?scale, long-term projects.