Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Luxor Capital Group, Lp Sells 21,794 Shares

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 21,794 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $3.03, for a total transaction of $66,035.82. Following the completion of the transaction, the insider now owns 56,485 shares of the company’s stock, valued at approximately $171,149.55. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

• On Friday, April 19th, Luxor Capital Group, Lp sold 43,509 shares of Five Point stock. The shares were sold at an average price of $3.07, for a total transaction of $133,572.63.
• On Wednesday, April 17th, Luxor Capital Group, Lp sold 700 shares of Five Point stock. The stock was sold at an average price of $3.10, for a total value of $2,170.00.
• On Monday, April 15th, Luxor Capital Group, Lp sold 725 shares of Five Point stock. The shares were sold at an average price of $3.17, for a total value of $2,298.25.
• On Friday, April 12th, Luxor Capital Group, Lp sold 546 shares of Five Point stock. The stock was sold at an average price of $3.11, for a total value of $1,698.06.
• On Wednesday, April 10th, Luxor Capital Group, Lp sold 23,881 shares of Five Point stock. The shares were sold at an average price of $3.07, for a total value of $73,314.67.
• On Monday, April 8th, Luxor Capital Group, Lp sold 3,971 shares of Five Point stock. The shares were sold at an average price of $3.19, for a total transaction of $12,667.49.
• On Monday, April 1st, Luxor Capital Group, Lp sold 4,163 shares of Five Point stock. The stock was sold at an average price of $3.15, for a total transaction of $13,113.45.
• On Thursday, March 28th, Luxor Capital Group, Lp sold 1,251 shares of Five Point stock. The shares were sold at an average price of $3.20, for a total transaction of $4,003.20.
• On Tuesday, March 26th, Luxor Capital Group, Lp sold 7,732 shares of Five Point stock. The stock was sold at an average price of $3.19, for a total transaction of $24,665.08.

Five Point Price Performance

Shares of NYSE FPH opened at $3.00 on Wednesday. The stock has a fifty day moving average price of $3.12 and a 200 day moving average price of $2.91. Five Point Holdings, LLC has a 1-year low of $2.13 and a 1-year high of $3.74. The company has a market cap of $444.87 million, a PE ratio of 3.53 and a beta of 1.43.

Hedge Funds Weigh In On Five Point

A number of large investors have recently bought and sold shares of FPH. Wellington Management Group LLP increased its stake in shares of Five Point by 1.7% during the third quarter. Wellington Management Group LLP now owns 1,184,583 shares of the company’s stock worth $3,518,000 after acquiring an additional 19,262 shares during the period. LexAurum Advisors LLC increased its position in Five Point by 386.1% during the 4th quarter. LexAurum Advisors LLC now owns 102,561 shares of the company’s stock worth $315,000 after purchasing an additional 81,461 shares during the period. Raymond James & Associates raised its stake in shares of Five Point by 6.7% during the 3rd quarter. Raymond James & Associates now owns 285,914 shares of the company’s stock worth $849,000 after buying an additional 17,833 shares in the last quarter. Bfsg LLC acquired a new stake in shares of Five Point in the 3rd quarter valued at approximately $116,000. Finally, O Keefe Stevens Advisory Inc. boosted its stake in shares of Five Point by 1.6% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 1,548,559 shares of the company’s stock valued at $4,754,000 after buying an additional 24,387 shares in the last quarter. Hedge funds and other institutional investors own 38.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Five Point from a “d” rating to a “c-” rating in a research note on Friday, January 19th.

Five Point Company Profile

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.