Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Sells $133,572.63 in Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 43,509 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $3.07, for a total value of $133,572.63. Following the sale, the insider now directly owns 56,603 shares in the company, valued at approximately $173,771.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, April 22nd, Luxor Capital Group, Lp sold 21,794 shares of Five Point stock. The shares were sold at an average price of $3.03, for a total value of $66,035.82.
• On Wednesday, April 17th, Luxor Capital Group, Lp sold 700 shares of Five Point stock. The shares were 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 stock was 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 stock was 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 stock was sold at an average price of $3.19, for a total value 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 value of $13,113.45.
• On Thursday, March 28th, Luxor Capital Group, Lp sold 1,251 shares of Five Point stock. The stock was sold at an average price of $3.20, for a total value 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 value of $24,665.08.

Five Point Price Performance

NYSE FPH opened at $2.95 on Thursday. The firm has a market capitalization of $437.46 million, a P/E ratio of 3.47 and a beta of 1.43. Five Point Holdings, LLC has a 1-year low of $2.13 and a 1-year high of $3.74. The business’s 50-day simple moving average is $3.12 and its 200-day simple moving average is $2.91.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Five Point

Several hedge funds and other institutional investors have recently modified their holdings of FPH. Park West Asset Management LLC lifted its stake in shares of Five Point by 75.0% in the 4th quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock valued at $1,074,000 after purchasing an additional 150,000 shares in the last quarter. TCW Group Inc. lifted its stake in shares of Five Point by 17.2% in the 4th quarter. TCW Group Inc. now owns 826,037 shares of the company’s stock valued at $2,536,000 after purchasing an additional 121,337 shares in the last quarter. ACR Alpine Capital Research LLC lifted its stake in shares of Five Point by 15.0% in the 4th quarter. ACR Alpine Capital Research LLC now owns 694,225 shares of the company’s stock valued at $2,131,000 after purchasing an additional 90,342 shares in the last quarter. LexAurum Advisors LLC lifted its stake in shares of Five Point by 386.1% in the 4th quarter. LexAurum Advisors LLC now owns 102,561 shares of the company’s stock valued at $315,000 after purchasing an additional 81,461 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. raised its holdings in shares of Five Point by 2.8% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 1,524,172 shares of the company’s stock valued at $4,527,000 after buying an additional 41,172 shares during the period. 38.09% of the stock is owned by institutional investors and hedge funds.

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.