Five Point Holdings, LLC (FPH) Hits New 12-Month Low at $13.61

Five Point Holdings, LLC (NYSE:FPH)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $13.61 and last traded at $13.60, with a volume of 159,072 shares. The stock had previously closed at $13.81.

Several equities analysts have commented on FPH shares. Royal Bank Of Canada started coverage on shares of Five Point Holdings in a research report on Monday, June 5th. They set an “outperform” rating and a $19.00 target price on the stock. Citigroup Inc. started coverage on shares of Five Point Holdings in a research report on Monday, June 5th. They set a “buy” rating and a $20.00 target price on the stock. J P Morgan Chase & Co started coverage on shares of Five Point Holdings in a research report on Monday, June 5th. They set a “neutral” rating and a $18.00 target price on the stock. JMP Securities started coverage on shares of Five Point Holdings in a research report on Monday, June 5th. They set an “outperform” rating and a $23.00 target price on the stock. Finally, Wells Fargo & Company started coverage on shares of Five Point Holdings in a research report on Monday, June 5th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $19.70.

The stock’s market cap is $856.38 million. The company has a 50-day moving average of $14.54 and a 200-day moving average of $14.92.

In other news, insider Michael Alvarado acquired 14,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were purchased at an average cost of $14.00 per share, for a total transaction of $196,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Fund L.P. Tco acquired 1,785,714 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were purchased at an average price of $14.00 per share, for a total transaction of $24,999,996.00. The disclosure for this purchase can be found here. Insiders have bought a total of 1,899,714 shares of company stock worth $26,595,996 over the last 90 days.

Several hedge funds have recently made changes to their positions in FPH. SG Americas Securities LLC purchased a new stake in shares of Five Point Holdings during the second quarter valued at approximately $108,000. Nationwide Fund Advisors purchased a new stake in shares of Five Point Holdings during the second quarter valued at approximately $130,000. JPMorgan Chase & Co. purchased a new stake in shares of Five Point Holdings during the second quarter valued at approximately $144,000. Laurion Capital Management LP purchased a new stake in shares of Five Point Holdings during the second quarter valued at approximately $738,000. Finally, Pioneer Investment Management Inc. purchased a new stake in shares of Five Point Holdings during the second quarter valued at approximately $754,000. Hedge funds and other institutional investors own 0.67% of the company’s stock.

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About Five Point Holdings

Five Point Holdings, LLC, formerly Newhall Holding Company, LLC, is the owner and developer of mixed-use, planned communities in coastal California. The Company is primarily engaged in the business of planning and developing its three mixed-use, planned communities. It operates in three segments: Newhall, San Francisco and Great Park.

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