Flax Pond Capital LLC Buys New Position in Five Point Holdings, LLC $FPH

Flax Pond Capital LLC bought a new stake in Five Point Holdings, LLC (NYSE:FPH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 125,107 shares of the company’s stock, valued at approximately $699,000.

Several other large investors have also recently bought and sold shares of FPH. Robotti Robert raised its position in shares of Five Point by 2.7% during the 3rd quarter. Robotti Robert now owns 6,964,320 shares of the company’s stock worth $42,691,000 after buying an additional 185,273 shares in the last quarter. Saber Capital Managment LLC bought a new position in shares of Five Point in the fourth quarter valued at approximately $2,247,000. Wittenberg Investment Management Inc. acquired a new position in shares of Five Point during the fourth quarter valued at approximately $416,000. Potomac Capital Management Inc. acquired a new position in shares of Five Point during the fourth quarter valued at approximately $247,000. Finally, ACR Alpine Capital Research LLC increased its stake in shares of Five Point by 4.9% during the fourth quarter. ACR Alpine Capital Research LLC now owns 1,114,757 shares of the company’s stock valued at $6,231,000 after acquiring an additional 52,100 shares during the period. Institutional investors and hedge funds own 38.09% of the company’s stock.

Five Point Stock Up 0.1%

Shares of NYSE FPH opened at $5.12 on Friday. The stock has a market capitalization of $761.06 million, a price-to-earnings ratio of 8.40 and a beta of 1.33. Five Point Holdings, LLC has a 52-week low of $4.60 and a 52-week high of $6.64. The stock’s fifty day simple moving average is $5.00 and its 200 day simple moving average is $5.28.

Five Point (NYSE:FPH) last posted its quarterly earnings data on Thursday, April 23rd. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Five Point had a net margin of 41.16% and a return on equity of 1.99%. The firm had revenue of $13.58 million during the quarter, compared to analyst estimates of $8.61 million.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Five Point from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Five Point Company Profile

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.