O Keefe Stevens Advisory Inc. Has $8.25 Million Stock Position in Five Point Holdings, LLC (NYSE:FPH)

O Keefe Stevens Advisory Inc. increased its holdings in Five Point Holdings, LLC (NYSE:FPH) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,182,172 shares of the company’s stock after purchasing an additional 163,647 shares during the quarter. Five Point makes up 2.6% of O Keefe Stevens Advisory Inc.’s investment portfolio, making the stock its 16th biggest holding. O Keefe Stevens Advisory Inc.’s holdings in Five Point were worth $8,249,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FPH. Dimensional Fund Advisors LP lifted its stake in shares of Five Point by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after acquiring an additional 77,369 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Five Point by 131.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,376 shares of the company’s stock worth $367,000 after purchasing an additional 50,234 shares during the last quarter. TCW Group Inc. lifted its position in shares of Five Point by 3.1% in the 3rd quarter. TCW Group Inc. now owns 1,168,437 shares of the company’s stock worth $4,849,000 after purchasing an additional 34,900 shares during the period. Virtu Financial LLC bought a new stake in shares of Five Point in the 3rd quarter valued at $105,000. Finally, Jane Street Group LLC bought a new position in Five Point during the third quarter worth $76,000. 38.09% of the stock is currently owned by institutional investors and hedge funds.

Five Point Trading Up 4.6 %

Shares of FPH opened at $4.09 on Friday. The firm’s fifty day simple moving average is $3.80 and its two-hundred day simple moving average is $3.57. Five Point Holdings, LLC has a 12 month low of $2.83 and a 12 month high of $4.39. The stock has a market capitalization of $606.51 million, a P/E ratio of 5.84 and a beta of 1.46.

Five Point (NYSE:FPH) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.07 earnings per share for the quarter. The business had revenue of $17.01 million for the quarter. Five Point had a return on equity of 2.57% and a net margin of 26.19%.

Insiders Place Their Bets

In related news, Director Sam Levinson acquired 3,283,024 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was purchased at an average cost of $3.15 per share, with a total value of $10,341,525.60. Following the completion of the purchase, the director now directly owns 6,219,241 shares in the company, valued at $19,590,609.15. This trade represents a 111.81 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.36% 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.