Five Point (NYSE:FPH) Sets New 1-Year High – Time to Buy?

Five Point Holdings, LLC (NYSE:FPH)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $6.44 and last traded at $6.46, with a volume of 563563 shares trading hands. The stock had previously closed at $6.04.

Analyst Ratings Changes

Separately, Zelman & Associates raised shares of Five Point from a “neutral” rating to an “outperform” rating in a research note on Monday, January 27th.

Five Point Price Performance

The firm has a market cap of $972.04 million, a PE ratio of 6.83 and a beta of 1.46. The business’s 50 day moving average price is $4.10 and its 200 day moving average price is $3.73.

Five Point (NYSE:FPH) last announced its earnings results on Thursday, January 23rd. The company reported $0.65 EPS for the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%.

Institutional Trading of Five Point

Large investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of Five Point during the 3rd quarter valued at about $70,000. Pure Financial Advisors LLC acquired a new stake in shares of Five Point during the 3rd quarter worth approximately $73,000. Meixler Investment Management Ltd. acquired a new position in Five Point in the fourth quarter valued at approximately $75,000. Jane Street Group LLC purchased a new position in Five Point in the third quarter worth approximately $76,000. Finally, SG Americas Securities LLC acquired a new stake in Five Point during the fourth quarter worth $80,000. Hedge funds and other institutional investors own 38.09% of the company’s stock.

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.