Five Point (NYSE:FPH) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Five Point Holdings, LLC (NYSE:FPH)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.18 and traded as low as $5.12. Five Point shares last traded at $5.16, with a volume of 266,544 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Five Point in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Five Point Stock Down 1.9%

The firm has a market cap of $763.06 million, a P/E ratio of 7.27 and a beta of 1.32. The business has a fifty day simple moving average of $5.18 and a 200-day simple moving average of $5.15.

Five Point (NYSE:FPH) last released its earnings results on Thursday, July 23rd. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.19. Five Point had a net margin of 45.35% and a return on equity of 2.29%. The firm had revenue of $13.90 million for the quarter, compared to the consensus estimate of $8.61 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in Five Point by 66.3% in the 1st quarter. Royal Bank of Canada now owns 89,847 shares of the company’s stock worth $481,000 after purchasing an additional 35,818 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Five Point by 14.2% in the first quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company’s stock worth $323,000 after buying an additional 7,544 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Five Point by 39.3% during the second quarter. American Century Companies Inc. now owns 129,904 shares of the company’s stock valued at $714,000 after buying an additional 36,659 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Five Point during the second quarter valued at approximately $128,000. Finally, Jump Financial LLC raised its holdings in Five Point by 61.3% in the 2nd quarter. Jump Financial LLC now owns 44,200 shares of the company’s stock worth $243,000 after acquiring an additional 16,800 shares during the last quarter. Institutional investors own 38.09% of the company’s stock.

Five Point Company Profile

Five Point Holdings, L.P. (NYSE:FPH) is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.