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

Five Point Holdings, LLC (NYSE:FPH)’s share price gapped up before the market opened on Friday . The stock had previously closed at $5.20, but opened at $5.46. Five Point shares last traded at $5.48, with a volume of 198,699 shares.

Wall Street Analysts Forecast Growth

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

Five Point Price Performance

The stock has a 50 day moving average of $5.28 and a two-hundred day moving average of $4.63. The stock has a market capitalization of $838.74 million, a PE ratio of 5.88 and a beta of 1.46.

Five Point (NYSE:FPH) last issued its earnings results on Thursday, April 24th. The company reported $0.32 EPS for the quarter. The company had revenue of $13.16 million for the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%.

Insiders Place Their Bets

In other Five Point news, insider Kim Tobler sold 18,496 shares of the company’s 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 sale, the insider now owns 17,927 shares of the company’s stock, valued at approximately $103,618.06. This represents a 50.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 21.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five Point

Institutional investors and hedge funds have recently made changes to their positions in the business. Private Management Group Inc. grew its position in shares of Five Point by 9.8% in the fourth quarter. Private Management Group Inc. now owns 5,525,607 shares of the company’s stock valued at $20,887,000 after purchasing an additional 493,138 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Five Point by 2,431.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 436,686 shares of the company’s stock valued at $1,651,000 after buying an additional 419,436 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Five Point during the 4th quarter valued at $1,274,000. Dimensional Fund Advisors LP raised its holdings in shares of Five Point by 26.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 947,949 shares of the company’s stock worth $3,583,000 after acquiring an additional 198,103 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. lifted its position in shares of Five Point by 8.1% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company’s stock valued at $8,249,000 after acquiring an additional 163,647 shares in the last quarter. 38.09% of the stock is currently owned by hedge funds and other 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.