Five Point (NYSE:FPH) Hits New 1-Year Low – What’s Next?

Five Point Holdings, LLC (NYSE:FPH) reached a new 52-week low on Thursday. The stock traded as low as $4.45 and last traded at $4.4450, with a volume of 77,445 shares changing hands. The stock had previously closed at $4.54.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Five Point in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Five Point Stock Down 0.1%

The stock has a market capitalization of $661.76 million, a PE ratio of 6.30 and a beta of 1.36. The stock has a fifty day moving average of $4.98 and a 200-day moving average of $5.03.

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

Institutional Trading of Five Point

A number of large investors have recently made changes to their positions in the company. Robotti Robert acquired a new stake in shares of Five Point in the 2nd quarter valued at $36,702,000. Saber Capital Managment LLC purchased a new stake in shares of Five Point during the 4th quarter worth $2,247,000. O Keefe Stevens Advisory Inc. grew its stake in shares of Five Point by 7.6% during the third quarter. O Keefe Stevens Advisory Inc. now owns 2,982,033 shares of the company’s stock worth $13,956,000 after purchasing an additional 210,413 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Five Point during the first quarter worth $823,000. Finally, Flax Pond Capital LLC purchased a new position in Five Point in the fourth quarter valued at $699,000. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

Five Point Company Profile

Five Point Holdings, LLC (NYSE: FPH) is a California-based real estate development company that owns and develops large-scale, mixed-use master-planned communities. Its projects typically combine residential neighborhoods with commercial, retail, office, educational, recreational and public-space components.

The company’s principal developments include Great Park Neighborhoods in Irvine, Newhall Ranch in Los Angeles County and Valencia in Santa Clarita. These communities are designed to provide a range of housing options alongside parks, trails, schools, business areas and other amenities.