Marathon Asset Management LP Buys Shares of 4,305,354 Five Point Holdings, LLC (FPH)
Marathon Asset Management LP bought a new position in Five Point Holdings, LLC (NYSE:FPH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,305,354 shares of the company’s stock, valued at approximately $63,547,000. Five Point Holdings comprises about 12.6% of Marathon Asset Management LP’s investment portfolio, making the stock its largest holding. Marathon Asset Management LP owned about 6.91% of Five Point Holdings at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. OZ Management LP acquired a new position in Five Point Holdings in the 2nd quarter worth about $72,611,000. FMR LLC acquired a new position in Five Point Holdings in the 2nd quarter worth about $67,099,000. Neuberger Berman Group LLC acquired a new position in Five Point Holdings in the 2nd quarter worth about $52,366,000. Third Avenue Management LLC acquired a new position in Five Point Holdings in the 2nd quarter worth about $36,408,000. Finally, Real Estate Management Services LLC acquired a new position in Five Point Holdings in the 2nd quarter worth about $13,398,000. 33.64% of the stock is currently owned by institutional investors.
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Shares of Five Point Holdings, LLC (NYSE FPH) traded down 0.72% on Friday, reaching $13.71. The company’s stock had a trading volume of 4,252 shares. The company’s 50 day moving average is $13.73 and its 200-day moving average is $14.49. Five Point Holdings, LLC has a 1-year low of $13.01 and a 1-year high of $16.74. The stock’s market cap is $853.89 million.
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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