Short Interest in Five Point Holdings, LLC (NYSE:FPH) Drops By 9.6%

Five Point Holdings, LLC (NYSE:FPH) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 123,400 shares, a decrease of 9.6% from the May 31st total of 136,500 shares. Based on an average trading volume of 68,100 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.2% of the shares of the company are sold short.

Insider Activity at Five Point

In other Five Point news, major shareholder Luxor Capital Group, Lp sold 99,730 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $3.09, for a total transaction of $308,165.70. Following the completion of the sale, the insider now directly owns 55,792 shares in the company, valued at approximately $172,397.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 223,802 shares of company stock worth $688,069. 4.36% of the stock is owned by insiders.

Institutional Trading of Five Point

Several institutional investors and hedge funds have recently added to or reduced their stakes in FPH. O Keefe Stevens Advisory Inc. lifted its stake in Five Point by 1.9% in the 1st quarter. O Keefe Stevens Advisory Inc. now owns 1,577,400 shares of the company’s stock worth $4,937,000 after purchasing an additional 28,841 shares in the last quarter. Wellington Management Group LLP boosted its stake in Five Point by 1.7% during the third quarter. Wellington Management Group LLP now owns 1,184,583 shares of the company’s stock valued at $3,518,000 after buying an additional 19,262 shares during the last quarter. ACR Alpine Capital Research LLC grew its holdings in Five Point by 19.3% during the 1st quarter. ACR Alpine Capital Research LLC now owns 828,123 shares of the company’s stock valued at $2,592,000 after buying an additional 133,898 shares in the last quarter. TCW Group Inc. increased its stake in Five Point by 17.2% in the 4th quarter. TCW Group Inc. now owns 826,037 shares of the company’s stock worth $2,536,000 after acquiring an additional 121,337 shares during the last quarter. Finally, Park West Asset Management LLC increased its stake in Five Point by 75.0% in the 4th quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock worth $1,074,000 after acquiring an additional 150,000 shares during the last quarter. Institutional investors own 38.09% of the company’s stock.

Five Point Stock Performance

Shares of FPH stock traded down $0.02 during mid-day trading on Wednesday, reaching $2.97. 16,932 shares of the company’s stock traded hands, compared to its average volume of 79,461. The firm has a 50 day moving average price of $3.08 and a two-hundred day moving average price of $3.10. The firm has a market capitalization of $439.68 million, a PE ratio of 3.49 and a beta of 1.47. Five Point has a 12 month low of $2.13 and a 12 month high of $3.74.

Five Point (NYSE:FPH) last announced its quarterly earnings data on Thursday, April 18th. The company reported $0.03 EPS for the quarter. The firm had revenue of $9.94 million for the quarter. Five Point had a net margin of 28.83% and a return on equity of 3.19%.

About Five Point

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.