Five Point (NYSE:FPH) Trading Down 3.2% – Time to Sell?

Five Point Holdings, LLC (NYSE:FPH) dropped 3.2% on Monday . The stock traded as low as $5.35 and last traded at $5.37. Approximately 101,024 shares were traded during trading, a decline of 62% from the average daily volume of 264,904 shares. The stock had previously closed at $5.55.

Analyst Ratings Changes

Separately, Zelman & Associates raised shares of Five Point from a “neutral” rating to an “outperform” rating in a research note on Monday, January 27th.

Five Point Stock Down 3.0 %

The business’s 50-day moving average is $5.25 and its two-hundred day moving average is $4.29. The company has a market capitalization of $800.81 million, a P/E ratio of 5.61 and a beta of 1.59.

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

Insiders Place Their Bets

In related news, insider Kim Tobler sold 18,496 shares of the business’s stock in a transaction dated Saturday, March 8th. The stock was sold at an average price of $5.78, for a total transaction of $106,906.88. Following the completion of the transaction, the insider now directly owns 17,927 shares in the company, valued at $103,618.06. The trade was a 50.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.36% of the stock is owned by corporate insiders.

Institutional Trading of Five Point

Hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC bought a new position in Five Point during the 4th quarter worth approximately $45,000. Envestnet Asset Management Inc. increased its stake in shares of Five Point by 21.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company’s stock worth $66,000 after buying an additional 3,052 shares during the period. XTX Topco Ltd purchased a new position in shares of Five Point in the third quarter worth $70,000. Jump Financial LLC bought a new stake in Five Point during the 4th quarter valued at $70,000. Finally, Wolverine Trading LLC purchased a new stake in Five Point during the 4th quarter valued at $74,000. Institutional investors own 38.09% 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.