Five Point (FPH) Sets New 12-Month Low at $7.89

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Five Point Holdings LLC (NYSE:FPH)’s share price reached a new 52-week low on Thursday . The company traded as low as $7.89 and last traded at $8.02, with a volume of 8588 shares changing hands. The stock had previously closed at $8.31.

FPH has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Five Point from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a research report on Monday, October 15th. Citigroup reiterated a “neutral” rating and issued a $12.00 price objective (down from $20.00) on shares of Five Point in a research report on Wednesday, June 27th. Finally, Royal Bank of Canada lowered their price objective on shares of Five Point to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 27th. They noted that the move was a valuation call.

Five Point (NYSE:FPH) last posted its quarterly earnings data on Monday, August 13th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). Five Point had a net margin of 129.91% and a negative return on equity of 1.34%. The firm had revenue of $13.09 million during the quarter. As a group, research analysts anticipate that Five Point Holdings LLC will post -0.23 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. Third Avenue Management LLC grew its position in Five Point by 225.1% in the 2nd quarter. Third Avenue Management LLC now owns 8,676,526 shares of the company’s stock valued at $97,611,000 after buying an additional 6,007,552 shares during the last quarter. Long Pond Capital LP boosted its position in shares of Five Point by 111.6% during the 2nd quarter. Long Pond Capital LP now owns 3,647,193 shares of the company’s stock worth $41,031,000 after purchasing an additional 1,923,407 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Five Point by 34,272.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,354,276 shares of the company’s stock worth $19,312,000 after purchasing an additional 1,350,336 shares in the last quarter. Maltese Capital Management LLC boosted its position in shares of Five Point by 25.3% during the 2nd quarter. Maltese Capital Management LLC now owns 970,000 shares of the company’s stock worth $10,913,000 after purchasing an additional 195,963 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Five Point by 94.9% during the 2nd quarter. Millennium Management LLC now owns 761,685 shares of the company’s stock worth $8,569,000 after purchasing an additional 370,861 shares in the last quarter. Hedge funds and other institutional investors own 37.88% of the company’s stock.

Five Point Company Profile (NYSE:FPH)

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers. The company was formerly known as Newhall Holding Company, LLC and changed its name to Five Point Holdings, LLC in May 2016.

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