Five Point (NYSE:FPH) Trading Down 0.3% – Here’s Why
by Michael Walen · The Markets DailyFive Point Holdings, LLC (NYSE:FPH – Get Free Report)’s stock price fell 0.3% on Tuesday . The stock traded as low as $5.03 and last traded at $5.0660. 65,709 shares were traded during trading, a decline of 66% from the average session volume of 191,215 shares. The stock had previously closed at $5.08.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered Five Point from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.
Check Out Our Latest Research Report on FPH
Five Point Stock Performance
The firm has a market cap of $752.30 million, a P/E ratio of 8.30 and a beta of 1.33. The company has a 50-day moving average of $4.97 and a 200 day moving average of $5.33.
Five Point (NYSE:FPH – Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $13.58 million during the quarter, compared to the consensus estimate of $8.61 million. Five Point had a return on equity of 1.99% and a net margin of 41.16%.
Hedge Funds Weigh In On Five Point
Several hedge funds and other institutional investors have recently modified their holdings of the stock. JBF Capital Inc. bought a new position in Five Point in the 4th quarter valued at $56,000. State of Wyoming acquired a new stake in shares of Five Point in the 2nd quarter valued at $58,000. Lazard Asset Management LLC acquired a new stake in shares of Five Point in the 1st quarter valued at $79,000. Occudo Quantitative Strategies LP increased its stake in shares of Five Point by 17.7% in the 3rd quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock valued at $103,000 after buying an additional 2,537 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Five Point in the 2nd quarter valued at $128,000. Institutional investors own 38.09% of the company’s stock.
Five Point Company Profile
Five Point Holdings, L.P. (NYSE:FPH) is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.
Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.