Glendon Capital Management LP Reduces Position in Five Point Holdings, LLC (NYSE:FPH)

Glendon Capital Management LP decreased its position in Five Point Holdings, LLC (NYSE:FPH) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,708,375 shares of the company’s stock after selling 98,945 shares during the period. Five Point makes up about 0.4% of Glendon Capital Management LP’s portfolio, making the stock its 14th biggest holding. Glendon Capital Management LP owned about 1.15% of Five Point worth $6,458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FPH. XTX Topco Ltd purchased a new position in shares of Five Point in the third quarter worth about $70,000. Jane Street Group LLC acquired a new stake in Five Point during the 3rd quarter valued at approximately $76,000. Meixler Investment Management Ltd. purchased a new stake in shares of Five Point in the 4th quarter valued at $75,000. SG Americas Securities LLC acquired a new stake in shares of Five Point in the fourth quarter worth $80,000. Finally, Virtu Financial LLC purchased a new position in shares of Five Point during the third quarter worth $105,000. Institutional investors and hedge funds own 38.09% of the company’s stock.

Five Point Stock Down 0.4 %

Five Point stock opened at $5.28 on Thursday. Five Point Holdings, LLC has a 52 week low of $2.83 and a 52 week high of $6.71. The firm has a market cap of $785.20 million, a price-to-earnings ratio of 5.50 and a beta of 1.45. The business’s 50-day moving average price is $5.66 and its 200 day moving average price is $4.48.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Five Point

In other Five Point news, insider Kim Tobler sold 18,496 shares of the firm’s stock in a transaction that occurred on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total value of $106,906.88. Following the sale, the insider now directly owns 17,927 shares of the company’s stock, valued at approximately $103,618.06. This trade represents a 50.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.36% of the stock is owned by corporate insiders.

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.