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

Five Point Holdings, LLC (NYSE:FPH) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 513,400 shares, an increase of 23.2% from the February 13th total of 416,700 shares. Based on an average daily trading volume, of 394,700 shares, the short-interest ratio is currently 1.3 days. Approximately 1.0% of the company’s shares are sold short.

Insider Buying and Selling

In related news, insider Kim Tobler sold 18,496 shares of the company’s stock in a transaction on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total value of $106,906.88. Following the sale, the insider now directly owns 17,927 shares of the company’s stock, valued at $103,618.06. This represents a 50.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.36% of the stock is owned by insiders.

Institutional Trading of Five Point

A number of institutional investors and hedge funds have recently bought and sold shares of FPH. Lazard Asset Management LLC bought a new position in shares of Five Point in the fourth quarter worth approximately $45,000. Envestnet Asset Management Inc. lifted its position in Five Point by 21.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company’s stock valued at $66,000 after acquiring an additional 3,052 shares in the last quarter. XTX Topco Ltd purchased a new stake in Five Point during the 3rd quarter valued at $70,000. Jump Financial LLC bought a new stake in shares of Five Point in the 4th quarter worth $70,000. Finally, Wolverine Trading LLC purchased a new position in shares of Five Point in the fourth quarter worth $74,000. 38.09% of the stock is currently owned by institutional investors.

Five Point Stock Up 0.5 %

Shares of FPH opened at $5.49 on Thursday. The stock has a market cap of $815.69 million, a P/E ratio of 5.71 and a beta of 1.59. The business’s 50 day moving average price is $5.35 and its 200-day moving average price is $4.33. Five Point has a 52 week low of $2.83 and a 52 week high of $6.71.

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

Analyst Upgrades and Downgrades

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

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.