Connor Clark & Lunn Investment Management Ltd. Has $591,000 Stock Holdings in Five Point Holdings, LLC $FPH

Connor Clark & Lunn Investment Management Ltd. boosted its position in Five Point Holdings, LLC (NYSE:FPH) by 16.9% during the second quarter, HoldingsChannel.com reports. The fund owned 107,384 shares of the company’s stock after buying an additional 15,533 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Five Point were worth $591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of Five Point in the 1st quarter valued at $65,000. Kapitalo Investimentos Ltda bought a new stake in shares of Five Point during the 1st quarter worth $79,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Five Point in the second quarter valued at about $85,000. Jump Financial LLC grew its position in Five Point by 48.2% in the first quarter. Jump Financial LLC now owns 27,400 shares of the company’s stock valued at $146,000 after acquiring an additional 8,914 shares during the last quarter. Finally, Algert Global LLC acquired a new position in Five Point during the first quarter worth about $169,000. 38.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FPH shares. Weiss Ratings restated a “hold (c+)” rating on shares of Five Point in a research note on Thursday, November 13th. Wall Street Zen lowered shares of Five Point from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Five Point Price Performance

Five Point stock opened at $6.17 on Thursday. The business has a 50 day moving average of $6.05 and a 200-day moving average of $5.78. The company has a market capitalization of $907.72 million, a P/E ratio of 4.75 and a beta of 1.51. Five Point Holdings, LLC has a 1 year low of $3.42 and a 1 year high of $6.71.

Five Point (NYSE:FPH) last posted its earnings results on Wednesday, October 29th. The company reported $0.28 earnings per share for the quarter. Five Point had a net margin of 48.56% and a return on equity of 4.24%. The firm had revenue of $13.49 million for the quarter.

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.