Five Point Holdings, LLC (NYSE:FPH) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its position in shares of Five Point Holdings, LLC (NYSE:FPH) by 28.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,501 shares of the company’s stock after selling 81,413 shares during the period. Raymond James & Associates owned about 0.14% of Five Point worth $628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aristeia Capital LLC acquired a new stake in shares of Five Point during the 3rd quarter valued at approximately $54,000. WINTON GROUP Ltd acquired a new stake in Five Point in the third quarter worth $80,000. Bfsg LLC acquired a new stake in Five Point in the third quarter worth $116,000. LexAurum Advisors LLC increased its position in Five Point by 386.1% in the fourth quarter. LexAurum Advisors LLC now owns 102,561 shares of the company’s stock worth $315,000 after buying an additional 81,461 shares during the period. Finally, ACR Alpine Capital Research LLC increased its position in Five Point by 6.8% in the third quarter. ACR Alpine Capital Research LLC now owns 603,883 shares of the company’s stock worth $1,794,000 after buying an additional 38,498 shares during the period. 38.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Luxor Capital Group, Lp sold 23,881 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $3.07, for a total value of $73,314.67. Following the completion of the transaction, the insider now owns 57,024 shares of the company’s stock, valued at $175,063.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 108,272 shares of company stock valued at $333,539 over the last three months. Company insiders own 4.36% 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 report on Friday, January 19th.

Five Point Price Performance

Shares of NYSE FPH opened at $2.95 on Thursday. Five Point Holdings, LLC has a 1-year low of $2.13 and a 1-year high of $3.74. The business’s fifty day moving average price is $3.12 and its two-hundred day moving average price is $2.91. The firm has a market capitalization of $437.46 million, a PE ratio of 3.47 and a beta of 1.43.

Five Point 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.