Five Point (NYSE:FPH) Reaches New 12-Month Low – Should You Sell?

Shares of Five Point Holdings, LLC (NYSE:FPH) reached a new 52-week low on Wednesday . The stock traded as low as $4.72 and last traded at $4.78, with a volume of 57635 shares traded. The stock had previously closed at $4.77.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Five Point from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Five Point Stock Down 0.1%

The stock has a 50-day simple moving average of $5.05 and a 200-day simple moving average of $5.49. The firm has a market capitalization of $707.60 million, a PE ratio of 7.81 and a beta of 1.34.

Five Point (NYSE:FPH) last released its earnings results on Thursday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Five Point had a return on equity of 1.99% and a net margin of 41.16%.The business had revenue of $13.58 million during the quarter, compared to the consensus estimate of $8.61 million.

Insiders Place Their Bets

In other Five Point news, insider Greg Mcwilliams sold 111,037 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $5.23, for a total transaction of $580,723.51. Following the completion of the transaction, the insider owned 588,735 shares in the company, valued at $3,079,084.05. This trade represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Five Point

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPH. JBF Capital Inc. bought a new position in Five Point during the fourth quarter worth about $56,000. State of Wyoming bought a new position in Five Point during the second quarter worth about $58,000. Occudo Quantitative Strategies LP boosted its position in Five Point by 17.7% during the third quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock worth $103,000 after purchasing an additional 2,537 shares during the period. XTX Topco Ltd purchased a new stake in shares of Five Point during the second quarter worth $128,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Five Point during the fourth quarter worth $138,000. 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.