Five Point Holdings, LLC $FPH Stock Holdings Boosted by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. lifted its holdings in shares of Five Point Holdings, LLC (NYSE:FPH) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,982,033 shares of the company’s stock after buying an additional 210,413 shares during the quarter. Five Point makes up approximately 2.9% of O Keefe Stevens Advisory Inc.’s investment portfolio, making the stock its 15th largest position. O Keefe Stevens Advisory Inc.’s holdings in Five Point were worth $13,956,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FPH. Robotti Robert purchased a new stake in Five Point in the 2nd quarter worth $36,702,000. Dimensional Fund Advisors LP increased its stake in shares of Five Point by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,380,446 shares of the company’s stock worth $6,681,000 after purchasing an additional 3,500 shares in the last quarter. ACR Alpine Capital Research LLC increased its stake in shares of Five Point by 10.3% during the first quarter. ACR Alpine Capital Research LLC now owns 1,229,255 shares of the company’s stock worth $5,950,000 after purchasing an additional 114,498 shares in the last quarter. Saber Capital Managment LLC acquired a new position in shares of Five Point during the 4th quarter worth about $2,247,000. Finally, Renaissance Technologies LLC lifted its stake in Five Point by 5.3% in the 1st quarter. Renaissance Technologies LLC now owns 270,162 shares of the company’s stock valued at $1,308,000 after buying an additional 13,662 shares in the last quarter. Institutional investors and hedge funds own 38.09% of the company’s stock.

Analysts Set New Price Targets

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

Five Point Stock Performance

Shares of FPH stock traded down $0.03 during trading hours on Friday, reaching $4.46. The company had a trading volume of 65,774 shares, compared to its average volume of 170,775. The stock has a fifty day moving average of $4.99 and a 200-day moving average of $5.03. The company has a market capitalization of $658.81 million, a price-to-earnings ratio of 6.27 and a beta of 1.36. Five Point Holdings, LLC has a 12-month low of $4.44 and a 12-month high of $6.47.

Five Point (NYSE:FPH) last posted 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. Five Point had a return on equity of 2.29% and a net margin of 45.35%.The business had revenue of $13.90 million for the quarter, compared to analyst estimates of $8.61 million.

About Five Point

Five Point Holdings, LLC (NYSE: FPH) is a California-based real estate development company that owns and develops large-scale, mixed-use master-planned communities. Its projects typically combine residential neighborhoods with commercial, retail, office, educational, recreational and public-space components.

The company’s principal developments include Great Park Neighborhoods in Irvine, Newhall Ranch in Los Angeles County and Valencia in Santa Clarita. These communities are designed to provide a range of housing options alongside parks, trails, schools, business areas and other amenities.