Five Point Holdings, LLC $FPH Shares Acquired by Robotti Robert

Robotti Robert lifted its stake in Five Point Holdings, LLC (NYSE:FPH) by 2.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,964,320 shares of the company’s stock after buying an additional 185,273 shares during the quarter. Five Point makes up 7.4% of Robotti Robert’s holdings, making the stock its 3rd largest position. Robotti Robert owned about 4.74% of Five Point worth $42,691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FPH. O Keefe Stevens Advisory Inc. raised its position in Five Point by 1.8% during the third quarter. O Keefe Stevens Advisory Inc. now owns 2,324,088 shares of the company’s stock valued at $14,247,000 after acquiring an additional 41,634 shares in the last quarter. ACR Alpine Capital Research LLC increased its holdings in shares of Five Point by 5.4% during the 3rd quarter. ACR Alpine Capital Research LLC now owns 1,062,657 shares of the company’s stock valued at $6,514,000 after purchasing an additional 54,259 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Five Point by 10.3% during the 2nd quarter. Raymond James Financial Inc. now owns 418,380 shares of the company’s stock valued at $2,301,000 after purchasing an additional 39,088 shares in the last quarter. CWA Asset Management Group LLC lifted 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 purchasing an additional 99,630 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Five Point by 39.3% during the second quarter. American Century Companies Inc. now owns 129,904 shares of the company’s stock worth $714,000 after buying an additional 36,659 shares in the last quarter. 38.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Five Point news, insider Kim Tobler sold 18,714 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $6.01, for a total transaction of $112,471.14. Following the completion of the transaction, the insider owned 35,636 shares of the company’s stock, valued at $214,172.36. This represents a 34.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 21.49% of the company’s stock.

Five Point Stock Performance

NYSE:FPH opened at $5.61 on Thursday. The stock has a market capitalization of $824.33 million, a PE ratio of 5.84 and a beta of 1.40. Five Point Holdings, LLC has a fifty-two week low of $4.58 and a fifty-two week high of $6.64. The company has a fifty day moving average of $5.52 and a two-hundred day moving average of $5.78.

Five Point (NYSE:FPH) last released its earnings results on Thursday, January 29th. The company reported $0.31 EPS for the quarter. Five Point had a net margin of 64.50% and a return on equity of 3.17%. The business had revenue of $75.90 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Five Point from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Five Point 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.