Five Point Holdings, LLC (NYSE:FPH) Sees Large Increase in Short Interest

Five Point Holdings, LLC (NYSE:FPH) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 416,700 shares, an increase of 62.5% from the January 31st total of 256,500 shares. Based on an average trading volume of 392,400 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.8% of the shares of the stock are short sold.

Five Point Price Performance

FPH traded up $0.00 on Tuesday, reaching $5.61. 195,314 shares of the company’s stock were exchanged, compared to its average volume of 259,528. Five Point has a twelve month low of $2.83 and a twelve month high of $6.71. The stock has a market cap of $832.20 million, a PE ratio of 5.85 and a beta of 1.54. The stock’s fifty day moving average price is $4.92 and its 200-day moving average price is $4.14.

Five Point (NYSE:FPH) last issued its earnings results on Thursday, January 23rd. The company reported $0.65 earnings per share for the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%.

Institutional Investors Weigh In On Five Point

A number of hedge funds have recently modified their holdings of the company. Robotti Robert increased its holdings in shares of Five Point by 1.1% during the 4th quarter. Robotti Robert now owns 6,779,047 shares of the company’s stock worth $25,625,000 after buying an additional 75,000 shares during the last quarter. Private Management Group Inc. increased its stake in Five Point by 9.8% during the fourth quarter. Private Management Group Inc. now owns 5,525,607 shares of the company’s stock worth $20,887,000 after acquiring an additional 493,138 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Five Point by 0.3% in the 4th quarter. Bank of America Corp DE now owns 2,848,981 shares of the company’s stock valued at $10,769,000 after purchasing an additional 7,666 shares during the last quarter. O Keefe Stevens Advisory Inc. grew its holdings in shares of Five Point by 8.1% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company’s stock worth $8,249,000 after purchasing an additional 163,647 shares during the period. Finally, TCW Group Inc. grew its holdings in shares of Five Point by 3.1% during 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. Hedge funds and other institutional investors own 38.09% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Five Point

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.