Luxor Capital Group, Lp Sells 47,011 Shares of Five Point Holdings, LLC (NYSE:FPH) Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 47,011 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $3.42, for a total transaction of $160,777.62. Following the completion of the sale, the insider now directly owns 54,543 shares in the company, valued at $186,537.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, September 19th, Luxor Capital Group, Lp sold 67,189 shares of Five Point stock. The stock was sold at an average price of $3.41, for a total transaction of $229,114.49.
• On Wednesday, July 24th, Luxor Capital Group, Lp sold 2,600 shares of Five Point stock. The shares were sold at an average price of $3.23, for a total value of $8,398.00.
• On Friday, July 19th, Luxor Capital Group, Lp sold 106,984 shares of Five Point stock. The stock was sold at an average price of $3.12, for a total value of $333,790.08.

Five Point Stock Performance

FPH opened at $3.37 on Friday. The business’s 50-day simple moving average is $3.17 and its 200-day simple moving average is $3.11. The company has a market cap of $499.74 million, a P/E ratio of 3.96 and a beta of 1.45. Five Point Holdings, LLC has a one year low of $2.13 and a one year high of $3.60.

Five Point (NYSE:FPH) last announced its quarterly earnings results on Thursday, July 18th. The company reported $0.21 EPS for the quarter. The company had revenue of $51.19 million for the quarter. Five Point had a net margin of 21.73% and a return on equity of 2.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Park West Asset Management LLC boosted its stake in Five Point by 75.0% in the fourth quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock valued at $1,074,000 after acquiring an additional 150,000 shares in the last quarter. ACR Alpine Capital Research LLC boosted its position in shares of Five Point by 16.2% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 962,595 shares of the company’s stock valued at $2,820,000 after purchasing an additional 134,472 shares during the period. O Keefe Stevens Advisory Inc. grew its stake in Five Point by 8.1% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 1,705,415 shares of the company’s stock worth $4,997,000 after buying an additional 128,015 shares during the last quarter. Private Management Group Inc. increased its position in Five Point by 2.5% during the second quarter. Private Management Group Inc. now owns 5,023,874 shares of the company’s stock worth $14,720,000 after buying an additional 124,806 shares during the period. Finally, TCW Group Inc. lifted its stake in Five Point by 17.2% in the fourth quarter. TCW Group Inc. now owns 826,037 shares of the company’s stock valued at $2,536,000 after buying an additional 121,337 shares during the last quarter. 38.09% of the stock is owned by hedge funds and other institutional investors.

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.