Five Point Holdings, LLC (NYSE:FPH) Sees Large Drop in Short Interest

Five Point Holdings, LLC (NYSE:FPH) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 110,100 shares, a drop of 15.8% from the October 15th total of 130,800 shares. Based on an average daily volume of 448,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Insider Activity

In other Five Point news, Director Sam Levinson bought 3,283,024 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were acquired at an average price of $3.15 per share, with a total value of $10,341,525.60. Following the completion of the purchase, the director now directly owns 6,219,241 shares in the company, valued at $19,590,609.15. The trade was a 111.81 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of Five Point stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.13, for a total value of $28,139,854.97. Following the transaction, the insider now directly owns 4,248 shares of the company’s stock, valued at approximately $13,296.24. The trade was a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,104,569 shares of company stock valued at $28,529,747 over the last 90 days. 4.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five Point

Several institutional investors and hedge funds have recently modified their holdings of FPH. XTX Topco Ltd bought a new stake in shares of Five Point during the 3rd quarter worth $70,000. Pure Financial Advisors LLC acquired a new position in Five Point during the third quarter worth about $73,000. Jane Street Group LLC acquired a new stake in shares of Five Point in the 3rd quarter valued at approximately $76,000. WINTON GROUP Ltd increased its stake in shares of Five Point by 89.3% in the second quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock valued at $107,000 after buying an additional 17,196 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its stake in shares of Five Point by 12.6% in the first quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock worth $140,000 after acquiring an additional 5,000 shares during the period. 38.09% of the stock is currently owned by institutional investors and hedge funds.

Five Point Stock Up 1.3 %

FPH stock traded up $0.05 during midday trading on Monday, reaching $3.82. The company’s stock had a trading volume of 33,695 shares, compared to its average volume of 193,664. The business’s 50-day simple moving average is $3.82 and its 200-day simple moving average is $3.35. Five Point has a 52 week low of $2.38 and a 52 week high of $4.39. The stock has a market cap of $566.47 million, a PE ratio of 5.39 and a beta of 1.47.

Five Point (NYSE:FPH) last released its earnings results on Thursday, October 17th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $17.01 million for the quarter. Five Point had a return on equity of 2.57% and a net margin of 26.19%.

About Five Point

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.