Five Point (NYSE:FPH) Sets New 1-Year Low – Here’s What Happened

Five Point Holdings, LLC (NYSE:FPH)’s stock price reached a new 52-week low on Friday. The company traded as low as $4.54 and last traded at $4.5360, with a volume of 86424 shares. The stock had previously closed at $4.58.

Analyst Ratings Changes

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

Five Point Stock Down 1.0%

The firm has a market cap of $670.78 million, a PE ratio of 6.39 and a beta of 1.36. The stock has a 50 day moving average price of $5.07 and a two-hundred day moving average price of $5.05.

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

Hedge Funds Weigh In On Five Point

Several institutional investors and hedge funds have recently modified their holdings of FPH. Robotti Robert purchased a new stake in Five Point in the 2nd quarter worth approximately $36,702,000. Dimensional Fund Advisors LP boosted its stake in shares of Five Point by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,380,446 shares of the company’s stock worth $6,681,000 after acquiring an additional 3,500 shares in the last quarter. ACR Alpine Capital Research LLC increased its stake in shares of Five Point by 10.3% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,229,255 shares of the company’s stock valued at $5,950,000 after purchasing an additional 114,498 shares in the last quarter. Saber Capital Managment LLC purchased a new position in Five Point during the fourth quarter worth approximately $2,247,000. Finally, Renaissance Technologies LLC increased its position in shares of Five Point by 5.3% in the first quarter. Renaissance Technologies LLC now owns 270,162 shares of the company’s stock valued at $1,308,000 after buying an additional 13,662 shares in the last quarter. Institutional investors and hedge funds own 38.09% of the company’s stock.

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.