Five Point (NYSE:FPH) Shares Gap Up – Time to Buy?

Five Point Holdings, LLC (NYSE:FPH) shares gapped up prior to trading on Friday . The stock had previously closed at $3.43, but opened at $3.53. Five Point shares last traded at $3.52, with a volume of 14,788 shares traded.

Five Point Stock Performance

The stock has a 50-day moving average of $3.93 and a 200 day moving average of $3.47. The firm has a market capitalization of $523.46 million, a P/E ratio of 5.04 and a beta of 1.45.

Five Point (NYSE:FPH) last announced its earnings results on Thursday, October 17th. The company reported $0.07 EPS for the quarter. The company 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%.

Insider Buying and Selling at Five Point

In other Five Point news, Director Sam Levinson bought 3,283,024 shares of the firm’s stock in a transaction on 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 owns 6,219,241 shares in the company, valued at approximately $19,590,609.15. The trade was a 111.81 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.13, for a total value of $28,139,854.97. Following the sale, the insider now directly owns 4,248 shares of the company’s stock, valued at approximately $13,296.24. The trade was a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.36% of the company’s stock.

Institutional Investors Weigh In On Five Point

A number of hedge funds and other institutional investors have recently made changes to their positions in FPH. O Keefe Stevens Advisory Inc. boosted its position in shares of Five Point by 18.4% during the third quarter. O Keefe Stevens Advisory Inc. now owns 2,018,525 shares of the company’s stock worth $8,377,000 after buying an additional 313,110 shares during the period. ACR Alpine Capital Research LLC lifted its stake in Five Point by 16.2% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 962,595 shares of the company’s stock valued at $2,820,000 after acquiring an additional 134,472 shares in the last quarter. Private Management Group Inc. boosted its position in Five Point by 2.5% during the 2nd quarter. Private Management Group Inc. now owns 5,023,874 shares of the company’s stock worth $14,720,000 after acquiring an additional 124,806 shares during the last quarter. Choreo LLC acquired a new position in Five Point during the 2nd quarter worth approximately $293,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Five Point by 13.3% during the 2nd 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 in the last quarter. 38.09% of the stock is currently owned by institutional investors and hedge funds.

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.