Five Point Holdings, LLC (NYSE:FPH) Sees Significant Increase in Short Interest

Five Point Holdings, LLC (NYSE:FPH) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 256,500 shares, an increase of 109.6% from the January 15th total of 122,400 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 376,800 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Five Point

A number of institutional investors and hedge funds have recently modified their holdings of FPH. Walleye Capital LLC acquired a new stake in Five Point during the fourth quarter worth about $180,000. XTX Topco Ltd raised its position in shares of Five Point by 24.5% during the 4th quarter. XTX Topco Ltd now owns 21,079 shares of the company’s stock worth $80,000 after purchasing an additional 4,145 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Five Point in the 4th quarter worth approximately $1,274,000. Envestnet Asset Management Inc. boosted its position in Five Point by 21.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company’s stock valued at $66,000 after purchasing an additional 3,052 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Five Point by 16.5% during the 4th quarter. Wells Fargo & Company MN now owns 354,240 shares of the company’s stock valued at $1,339,000 after purchasing an additional 50,077 shares during the period. 38.09% of the stock is owned by institutional investors and hedge funds.

Five Point Stock Up 1.4 %

Shares of Five Point stock traded up $0.09 on Thursday, hitting $5.99. 236,994 shares of the company’s stock traded hands, compared to its average volume of 573,534. The stock has a market cap of $887.52 million, a P/E ratio of 6.23 and a beta of 1.54. The firm’s 50-day moving average is $4.42 and its 200 day moving average is $3.90. Five Point has a 52-week low of $2.83 and a 52-week high of $6.71.

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

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.

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.