Five Point (NYSE:FPH) Trading Up 2.3% – Time to Buy?

Five Point Holdings, LLC (NYSE:FPH)’s share price traded up 2.3% during trading on Tuesday . The company traded as high as $4.99 and last traded at $4.84. 307,460 shares changed hands during mid-day trading, an increase of 60% from the average session volume of 191,743 shares. The stock had previously closed at $4.73.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Five Point from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Five Point has an average rating of “Hold”.

Five Point Price Performance

The firm’s 50 day moving average price is $5.28 and its 200-day moving average price is $5.69. The firm has a market cap of $723.13 million, a price-to-earnings ratio of 5.11 and a beta of 1.39.

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 3.14%. The firm had revenue of $75.90 million during the quarter.

Insider Activity at Five Point

In other news, insider Greg Mcwilliams sold 111,037 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $5.23, for a total transaction of $580,723.51. Following the completion of the transaction, the insider owned 588,735 shares of the company’s stock, valued at approximately $3,079,084.05. This represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.49% of the company’s stock.

Institutional Investors Weigh In On Five Point

A number of institutional investors have recently added to or reduced their stakes in FPH. Flax Pond Capital LLC bought a new position in Five Point during the fourth quarter valued at about $699,000. Oxford Asset Management LLP bought a new stake in shares of Five Point in the 4th quarter worth approximately $139,000. Millennium Management LLC bought a new stake in shares of Five Point in the 4th quarter worth approximately $748,000. Squarepoint Ops LLC acquired a new stake in shares of Five Point during the 4th quarter worth approximately $138,000. Finally, Wittenberg Investment Management Inc. acquired a new position in shares of Five Point in the fourth quarter valued at $416,000. 38.09% of the stock is owned by institutional investors and hedge funds.

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.