14,677 Shares in Five Point Holdings, LLC $FPH Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new position in shares of Five Point Holdings, LLC (NYSE:FPH) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 14,677 shares of the company’s stock, valued at approximately $85,000.

Several other institutional investors and hedge funds have also bought and sold shares of FPH. Wellington Management Group LLP increased its position in Five Point by 10.3% during the first quarter. Wellington Management Group LLP now owns 1,030,817 shares of the company’s stock worth $5,505,000 after buying an additional 96,300 shares during the last quarter. ACR Alpine Capital Research LLC increased its position in Five Point by 3.4% during the first quarter. ACR Alpine Capital Research LLC now owns 998,198 shares of the company’s stock worth $5,330,000 after buying an additional 32,540 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in Five Point by 110.6% during the first quarter. Cubist Systematic Strategies LLC now owns 151,383 shares of the company’s stock worth $808,000 after buying an additional 79,491 shares during the last quarter. American Century Companies Inc. increased its position in Five Point by 112.0% during the first quarter. American Century Companies Inc. now owns 93,245 shares of the company’s stock worth $498,000 after buying an additional 49,263 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Five Point by 82.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 91,851 shares of the company’s stock worth $490,000 after buying an additional 41,580 shares during the last quarter. Institutional investors own 38.09% of the company’s stock.

Five Point Trading Down 3.4%

Five Point stock opened at $5.73 on Monday. Five Point Holdings, LLC has a 12 month low of $3.42 and a 12 month high of $6.71. The stock’s 50 day moving average is $5.81 and its 200-day moving average is $5.59. The company has a market capitalization of $854.31 million, a price-to-earnings ratio of 5.26 and a beta of 1.50.

Five Point (NYSE:FPH) last posted its earnings results on Thursday, July 24th. The company reported $0.05 EPS for the quarter. Five Point had a return on equity of 3.61% and a net margin of 39.43%.The company had revenue of $7.47 million for the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FPH shares. Wall Street Zen downgraded Five Point from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Five Point in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Five Point presently has a consensus rating of “Moderate Buy”.

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.