Robotti Robert Acquires 185,273 Shares of Five Point Holdings, LLC $FPH

Robotti Robert raised its holdings in shares of Five Point Holdings, LLC (NYSE:FPH) by 2.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,964,320 shares of the company’s stock after purchasing an additional 185,273 shares during the quarter. Five Point comprises about 7.4% of Robotti Robert’s holdings, making the stock its 3rd biggest position. Robotti Robert’s holdings in Five Point were worth $42,691,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in Five Point by 7.9% during the third quarter. Envestnet Asset Management Inc. now owns 25,602 shares of the company’s stock worth $157,000 after acquiring an additional 1,885 shares during the last quarter. ACR Alpine Capital Research LLC lifted its stake in Five Point by 5.4% in the 3rd quarter. ACR Alpine Capital Research LLC now owns 1,062,657 shares of the company’s stock worth $6,514,000 after purchasing an additional 54,259 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Five Point by 73.3% during the 3rd quarter. CWA Asset Management Group LLC now owns 235,470 shares of the company’s stock worth $1,443,000 after purchasing an additional 99,630 shares during the last quarter. O Keefe Stevens Advisory Inc. grew its position in shares of Five Point by 1.8% in the third quarter. O Keefe Stevens Advisory Inc. now owns 2,324,088 shares of the company’s stock valued at $14,247,000 after purchasing an additional 41,634 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Five Point in the second quarter valued at approximately $58,000. 38.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Five Point from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Five Point presently has an average rating of “Hold”.

Insider Transactions at Five Point

In related news, insider Kim Tobler sold 18,714 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $6.01, for a total value of $112,471.14. Following the sale, the insider directly owned 35,636 shares in the company, valued at approximately $214,172.36. The trade was a 34.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 21.49% of the company’s stock.

Five Point Stock Performance

FPH opened at $5.61 on Thursday. The stock has a market capitalization of $824.33 million, a PE ratio of 5.84 and a beta of 1.40. Five Point Holdings, LLC has a one year low of $4.58 and a one year high of $6.64. The business’s 50 day moving average price is $5.52 and its 200 day moving average price is $5.78.

Five Point (NYSE:FPH) last posted its earnings results on Thursday, January 29th. The company reported $0.31 EPS for the quarter. Five Point had a return on equity of 3.17% and a net margin of 64.50%.The company had revenue of $75.90 million for the quarter.

About Five Point

Five Point Holdings, L.P. (NYSE:FPH) is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.