Five Point (NYSE:FPH) Stock Price Up 4.3% – Here’s Why

Five Point Holdings, LLC (NYSE:FPH) shares were up 4.3% on Tuesday . The company traded as high as $6.17 and last traded at $6.17. Approximately 108,762 shares changed hands during trading, a decline of 81% from the average daily volume of 577,980 shares. The stock had previously closed at $5.91.

Analysts Set New Price Targets

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

Five Point Stock Performance

The firm has a fifty day simple moving average of $4.34 and a 200 day simple moving average of $3.87. The company has a market capitalization of $889.00 million, a PE ratio of 6.23 and a beta of 1.54.

Five Point (NYSE:FPH) last announced its quarterly 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

Several hedge funds and other institutional investors have recently bought and sold shares of FPH. Bfsg LLC raised its position in shares of Five Point by 8.5% in the 4th quarter. Bfsg LLC now owns 42,195 shares of the company’s stock worth $159,000 after acquiring an additional 3,310 shares in the last quarter. Wellington Management Group LLP raised its holdings in Five Point by 0.4% in the third quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock worth $3,975,000 after purchasing an additional 4,281 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Five Point during the third quarter valued at about $70,000. Pure Financial Advisors LLC purchased a new stake in shares of Five Point during the third quarter valued at about $73,000. Finally, Jane Street Group LLC bought a new stake in shares of Five Point in the 3rd quarter valued at about $76,000. 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.