Five Point (NYSE:FPH) Reaches New 1-Year Low – Should You Sell?

Five Point Holdings, LLC (NYSE:FPH)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.55 and last traded at $4.6730, with a volume of 335971 shares. The stock had previously closed at $4.72.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Five Point in a report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Five Point Stock Performance

The company has a 50 day moving average of $5.13 and a 200-day moving average of $5.07. The stock has a market cap of $685.42 million, a price-to-earnings ratio of 6.53 and a beta of 1.32.

Five Point (NYSE:FPH) last released its earnings results on Thursday, July 23rd. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.19. The company had revenue of $13.90 million during the quarter, compared to the consensus estimate of $8.61 million. Five Point had a return on equity of 2.29% and a net margin of 45.35%.

Institutional Investors Weigh In On Five Point

Several large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new position in Five Point in the 1st quarter valued at approximately $79,000. Squarepoint Ops LLC purchased a new stake in shares of Five Point during the second quarter worth $169,000. Potomac Capital Management Inc. acquired a new stake in shares of Five Point in the fourth quarter valued at $247,000. Wittenberg Investment Management Inc. acquired a new stake in shares of Five Point in the fourth quarter valued at $416,000. Finally, Flax Pond Capital LLC purchased a new position in Five Point in the fourth quarter valued at $699,000. 38.09% of the stock is owned by hedge funds and other institutional investors.

Five Point Company Profile

Five Point Holdings, LLC (NYSE: FPH) is a California-based real estate development company that plans and develops large-scale, mixed-use master-planned communities. Its activities include preparing land, developing infrastructure and public amenities, and selling residential and commercial land to homebuilders and other developers.

The company’s master-planned communities are designed to combine housing with commercial, retail, educational, recreational and open-space uses. Its developments have included Great Park Neighborhoods in Irvine, Valencia in Santa Clarita and the Candlestick project in San Francisco.