SG Americas Securities LLC acquired a new position in Five Point Holdings, LLC (NYSE:FPH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,316 shares of the company’s stock, valued at approximately $108,000.

Other institutional investors have also added to or reduced their stakes in the company. Pioneer Investment Management Inc. acquired a new position in Five Point Holdings in the second quarter worth $754,000. Alpine Woods Capital Investors LLC acquired a new position in Five Point Holdings in the second quarter worth $9,594,000. Finally, Real Estate Management Services LLC acquired a new position in Five Point Holdings in the second quarter worth $13,398,000. 33.64% of the stock is owned by hedge funds and other institutional investors.

Five Point Holdings, LLC (FPH) opened at 13.50 on Thursday. The firm’s market cap is $840.81 million. The firm has a 50-day moving average of $14.08 and a 200-day moving average of $14.63. Five Point Holdings, LLC has a 12-month low of $13.01 and a 12-month high of $16.74.

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FPH has been the subject of a number of research reports. Citigroup Inc. initiated coverage on shares of Five Point Holdings in a report on Monday, June 5th. They issued a “buy” rating and a $20.00 price objective for the company. Wells Fargo & Company initiated coverage on shares of Five Point Holdings in a report on Monday, June 5th. They issued a “market perform” rating for the company. J P Morgan Chase & Co initiated coverage on shares of Five Point Holdings in a report on Monday, June 5th. They issued a “neutral” rating and a $18.00 price objective for the company. Evercore ISI initiated coverage on shares of Five Point Holdings in a report on Monday, June 5th. They issued an “outperform” rating and a $18.50 price objective for the company. Finally, JMP Securities initiated coverage on shares of Five Point Holdings in a report on Monday, June 5th. They issued an “outperform” rating and a $23.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $19.70.

Five Point Holdings Company Profile

Five Point Holdings, LLC, formerly Newhall Holding Company, LLC, is the owner and developer of mixed-use, planned communities in coastal California. The Company is primarily engaged in the business of planning and developing its three mixed-use, planned communities. It operates in three segments: Newhall, San Francisco and Great Park.

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Institutional Ownership by Quarter for Five Point Holdings (NYSE:FPH)

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