Five Point Holdings, LLC (NYSE:FPH) Insider Sells $106,906.88 in Stock

Five Point Holdings, LLC (NYSE:FPH) insider Kim Tobler sold 18,496 shares of Five Point stock in a transaction on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total transaction of $106,906.88. Following the sale, the insider now owns 17,927 shares of the company’s stock, valued at $103,618.06. The trade was a 50.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Five Point Stock Down 1.6 %

Shares of NYSE:FPH opened at $5.30 on Friday. The business has a 50-day moving average price of $5.18 and a 200-day moving average price of $4.25. The stock has a market cap of $787.43 million, a price-to-earnings ratio of 5.52 and a beta of 1.59. Five Point Holdings, LLC has a 52-week low of $2.83 and a 52-week high of $6.71.

Five Point (NYSE:FPH) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.65 earnings per share (EPS) for the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new position in shares of Five Point during the 4th quarter valued at about $45,000. XTX Topco Ltd purchased a new stake in shares of Five Point in the third quarter worth about $70,000. Envestnet Asset Management Inc. grew its holdings in Five Point by 21.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company’s stock worth $66,000 after acquiring an additional 3,052 shares during the period. Jane Street Group LLC purchased a new position in Five Point during the third quarter valued at approximately $76,000. Finally, Jump Financial LLC acquired a new position in Five Point in the fourth quarter valued at approximately $70,000. 38.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Zelman & Associates upgraded Five Point from a “neutral” rating to an “outperform” rating in a research note on Monday, January 27th.

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.