Kim Tobler Sells 18,714 Shares of Five Point (NYSE:FPH) Stock

Five Point Holdings, LLC (NYSE:FPH) insider Kim Tobler sold 18,714 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $6.01, for a total value of $112,471.14. Following the completion of the sale, the insider owned 35,636 shares of the company’s stock, valued at $214,172.36. The trade was a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Five Point Stock Down 1.7%

FPH traded down $0.10 during midday trading on Friday, hitting $5.82. 178,451 shares of the company were exchanged, compared to its average volume of 195,033. The firm’s 50 day moving average price is $6.04 and its 200-day moving average price is $5.83. Five Point Holdings, LLC has a 1-year low of $3.42 and a 1-year high of $6.71. The firm has a market capitalization of $855.95 million, a P/E ratio of 4.48 and a beta of 1.34.

Five Point (NYSE:FPH) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.28 EPS for the quarter. Five Point had a return on equity of 4.24% and a net margin of 48.56%.The company had revenue of $13.49 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Point in a research note on Monday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Institutional Investors Weigh In On Five Point

Hedge funds have recently added to or reduced their stakes in the business. Robotti Robert lifted its stake in Five Point by 2.7% in the third quarter. Robotti Robert now owns 6,964,320 shares of the company’s stock valued at $42,691,000 after buying an additional 185,273 shares during the period. CWA Asset Management Group LLC increased its stake in shares of Five Point by 73.3% in the 3rd quarter. CWA Asset Management Group LLC now owns 235,470 shares of the company’s stock valued at $1,443,000 after acquiring an additional 99,630 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Five Point by 10.3% during the 1st quarter. Wellington Management Group LLP now owns 1,030,817 shares of the company’s stock valued at $5,505,000 after acquiring an additional 96,300 shares during the period. Corsair Capital Management L.P. bought a new position in Five Point during the first quarter worth $481,000. Finally, Cubist Systematic Strategies LLC grew its holdings in Five Point by 110.6% in the first quarter. Cubist Systematic Strategies LLC now owns 151,383 shares of the company’s stock worth $808,000 after purchasing an additional 79,491 shares during the period. 38.09% of the stock is currently owned by institutional investors.

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.