Five Point Holdings, LLC (NYSE:FPH) Sees Large Growth in Short Interest

Five Point Holdings, LLC (NYSE:FPH) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 220,300 shares, an increase of 152.9% from the December 15th total of 87,100 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 218,600 shares, the days-to-cover ratio is currently 1.0 days.

Five Point Price Performance

Shares of FPH stock traded up $0.06 during midday trading on Wednesday, hitting $3.76. The company had a trading volume of 127,277 shares, compared to its average volume of 207,864. The stock has a market cap of $557.57 million, a price-to-earnings ratio of 5.37 and a beta of 1.46. The company’s 50 day simple moving average is $3.80 and its 200 day simple moving average is $3.56. Five Point has a 52-week low of $2.73 and a 52-week high of $4.39.

Five Point (NYSE:FPH) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $17.01 million for the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%.

Insiders Place Their Bets

In other Five Point news, Director Sam Levinson acquired 3,283,024 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were bought at an average cost of $3.15 per share, for a total transaction of $10,341,525.60. Following the completion of the purchase, the director now owns 6,219,241 shares in the company, valued at $19,590,609.15. This trade represents a 111.81 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Five Point

Large investors have recently modified their holdings of the business. Choreo LLC acquired a new position in Five Point during the second quarter worth $293,000. WINTON GROUP Ltd boosted its position in shares of Five Point by 89.3% during the 2nd quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock worth $107,000 after purchasing an additional 17,196 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Five Point by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after purchasing an additional 77,369 shares during the period. O Keefe Stevens Advisory Inc. increased its holdings in shares of Five Point by 18.4% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 2,018,525 shares of the company’s stock valued at $8,377,000 after purchasing an additional 313,110 shares in the last quarter. Finally, Pure Financial Advisors LLC acquired a new stake in shares of Five Point in the third quarter valued at about $73,000. 38.09% of the stock is 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.