Five Point (NYSE:FPH) Reaches New 52-Week Low – Should You Sell?

Shares of Five Point Holdings, LLC (NYSE:FPH) reached a new 52-week low during trading on Tuesday . The stock traded as low as $4.69 and last traded at $4.8010, with a volume of 207624 shares. The stock had previously closed at $4.71.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Five Point from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Five Point Trading Up 3.2%

The firm has a market cap of $723.05 million, a PE ratio of 7.98 and a beta of 1.34. The business’s 50-day simple moving average is $4.97 and its 200 day simple moving average is $5.44.

Five Point (NYSE:FPH) last posted its earnings results on Thursday, April 23rd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $13.58 million for the quarter, compared to the consensus estimate of $8.61 million. Five Point had a net margin of 41.16% and a return on equity of 1.99%.

Insider Buying and Selling

In other Five Point news, insider Greg Mcwilliams sold 111,037 shares of the firm’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 transaction, the insider owned 588,735 shares of the company’s stock, valued at approximately $3,079,084.05. This trade represents a 15.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 20.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FPH. Saber Capital Managment LLC purchased a new position in shares of Five Point in the 4th quarter worth approximately $2,247,000. Robotti Robert grew its position in shares of Five Point by 2.7% in the 3rd quarter. Robotti Robert now owns 6,964,320 shares of the company’s stock worth $42,691,000 after buying an additional 185,273 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Five Point in the 1st quarter worth approximately $823,000. Millennium Management LLC purchased a new position in shares of Five Point in the 4th quarter worth approximately $748,000. Finally, Flax Pond Capital LLC purchased a new position in shares of Five Point in the 4th quarter worth approximately $699,000. Hedge funds and other institutional investors own 38.09% of the company’s stock.

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.