Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Luxor Capital Group, Lp Sells 99,730 Shares

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 99,730 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $3.09, for a total value of $308,165.70. Following the completion of the sale, the insider now owns 55,792 shares of the company’s stock, valued at approximately $172,397.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

• On Friday, May 3rd, Luxor Capital Group, Lp sold 3,400 shares of Five Point stock. The stock was sold at an average price of $3.05, for a total transaction of $10,370.00.
• On Wednesday, April 24th, Luxor Capital Group, Lp sold 11,796 shares of Five Point stock. The shares were sold at an average price of $2.99, for a total transaction of $35,270.04.
• On Friday, April 19th, Luxor Capital Group, Lp sold 43,509 shares of Five Point stock. The shares were sold at an average price of $3.07, for a total transaction of $133,572.63.
• On Monday, April 22nd, Luxor Capital Group, Lp sold 21,794 shares of Five Point stock. The stock was sold at an average price of $3.03, for a total transaction of $66,035.82.
• On Wednesday, April 17th, Luxor Capital Group, Lp sold 700 shares of Five Point stock. The stock was sold at an average price of $3.10, for a total transaction of $2,170.00.
• On Monday, April 15th, Luxor Capital Group, Lp sold 725 shares of Five Point stock. The stock was sold at an average price of $3.17, for a total transaction of $2,298.25.
• On Friday, April 12th, Luxor Capital Group, Lp sold 546 shares of Five Point stock. The stock was sold at an average price of $3.11, for a total transaction of $1,698.06.
• On Wednesday, April 10th, Luxor Capital Group, Lp sold 23,881 shares of Five Point stock. The stock was sold at an average price of $3.07, for a total transaction of $73,314.67.
• On Monday, April 8th, Luxor Capital Group, Lp sold 3,971 shares of Five Point stock. The stock was sold at an average price of $3.19, for a total transaction of $12,667.49.
• On Monday, April 1st, Luxor Capital Group, Lp sold 4,163 shares of Five Point stock. The stock was sold at an average price of $3.15, for a total transaction of $13,113.45.

Five Point Price Performance

Five Point stock traded down $0.03 during midday trading on Tuesday, reaching $3.12. The stock had a trading volume of 50,936 shares, compared to its average volume of 92,206. The firm’s fifty day simple moving average is $3.08 and its two-hundred day simple moving average is $2.93. Five Point Holdings, LLC has a twelve month low of $2.13 and a twelve month high of $3.74. The firm has a market cap of $461.92 million, a price-to-earnings ratio of 3.68 and a beta of 1.41.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Five Point from a “d” rating to a “c-” rating in a research note on Friday, January 19th.

Hedge Funds Weigh In On Five Point

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in shares of Five Point by 6.7% during the 3rd quarter. Raymond James & Associates now owns 285,914 shares of the company’s stock valued at $849,000 after buying an additional 17,833 shares during the period. Aristeia Capital LLC acquired a new stake in shares of Five Point during the 3rd quarter valued at $54,000. Wellington Management Group LLP lifted its stake in Five Point by 1.7% in the third quarter. Wellington Management Group LLP now owns 1,184,583 shares of the company’s stock valued at $3,518,000 after acquiring an additional 19,262 shares during the last quarter. O Keefe Stevens Advisory Inc. lifted its stake in Five Point by 1.6% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 1,548,559 shares of the company’s stock valued at $4,754,000 after acquiring an additional 24,387 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Five Point in the third quarter worth approximately $80,000. Institutional investors and hedge funds own 38.09% of the company’s stock.

Five Point Company Profile

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.