Five Point (NYSE:FPH) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Five Point Holdings, LLC (NYSE:FPH)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.19 and traded as low as $5.04. Five Point shares last traded at $5.07, with a volume of 129,517 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Five Point in a research note on Friday, July 31st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Five Point Trading Up 0.1%

The business has a 50-day moving average price of $5.19 and a 200-day moving average price of $5.12. The stock has a market cap of $747.53 million, a PE ratio of 7.12 and a beta of 1.32.

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

Institutional Investors Weigh In On Five Point

Institutional investors have recently bought and sold shares of the company. JBF Capital Inc. acquired a new position in shares of Five Point during the fourth quarter valued at approximately $56,000. State of Wyoming acquired a new position in Five Point in the 2nd quarter valued at $58,000. Lazard Asset Management LLC purchased a new position in Five Point in the 1st quarter valued at $79,000. Occudo Quantitative Strategies LP lifted its holdings in Five Point by 17.7% in the 3rd quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock valued at $103,000 after purchasing an additional 2,537 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Five Point during the 2nd quarter worth $128,000. 38.09% of the stock is currently owned by institutional investors and hedge funds.

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.