Five Point Holdings, LLC (NYSE:FPH) Sees Significant Increase in Short Interest

Five Point Holdings, LLC (NYSE:FPH) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 256,500 shares, a growth of 109.6% from the January 15th total of 122,400 shares. Based on an average trading volume of 376,800 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Zelman & Associates raised Five Point from a “neutral” rating to an “outperform” rating in a research note on Monday, January 27th.

Five Point Trading Up 1.4 %

FPH traded up $0.09 on Thursday, reaching $5.99. The company had a trading volume of 236,994 shares, compared to its average volume of 573,534. The company has a market capitalization of $887.52 million, a P/E ratio of 6.23 and a beta of 1.54. The company has a fifty day moving average of $4.42 and a 200-day moving average of $3.90. Five Point has a one year low of $2.83 and a one year high of $6.71.

Five Point (NYSE:FPH) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.65 earnings per share for the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%.

Hedge Funds Weigh In On Five Point

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in shares of Five Point in the 3rd quarter worth $70,000. O Keefe Stevens Advisory Inc. grew its holdings in Five Point by 8.1% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company’s stock worth $8,249,000 after acquiring an additional 163,647 shares during the period. Jane Street Group LLC bought a new stake in Five Point in the third quarter worth about $76,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Five Point by 131.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,376 shares of the company’s stock valued at $367,000 after acquiring an additional 50,234 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Five Point by 0.4% in the 3rd quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock valued at $3,975,000 after acquiring an additional 4,281 shares during the last quarter. 38.09% of the stock is owned by institutional investors.

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.