Five Point (NYSE:FPH) Reaches New 1-Year Low – Should You Sell?

Shares of Five Point Holdings, LLC (NYSE:FPH) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.55 and last traded at $4.6730, with a volume of 335971 shares changing hands. The stock had previously closed at $4.72.

Analyst Upgrades and Downgrades

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

Five Point Stock Performance

The firm has a market capitalization of $685.42 million, a PE ratio of 6.53 and a beta of 1.32. The company’s 50-day moving average price is $5.13 and its 200-day moving average price is $5.07.

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

Institutional Inflows and Outflows

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