Five Point Holdings LLC (FPH) Receives Consensus Recommendation of “Buy” from Analysts

Five Point Holdings LLC (NYSE:FPH) has been assigned an average rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $19.70.

Separately, Zacks Investment Research downgraded Five Point from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th.

Shares of Five Point (FPH) opened at $14.95 on Monday. Five Point has a twelve month low of $12.00 and a twelve month high of $16.74.

Five Point (NYSE:FPH) last announced its quarterly earnings results on Monday, November 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.18). Five Point had a negative net margin of 18.83% and a negative return on equity of 2.30%. analysts forecast that Five Point will post -0.48 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in FPH. SG Americas Securities LLC purchased a new position in Five Point in the 2nd quarter valued at about $108,000. Nationwide Fund Advisors purchased a new position in Five Point in the 2nd quarter valued at about $130,000. JPMorgan Chase & Co. purchased a new position in Five Point in the 2nd quarter valued at about $144,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Five Point in the 3rd quarter valued at about $275,000. Finally, Pine River Capital Management L.P. purchased a new position in Five Point in the 2nd quarter valued at about $738,000. Hedge funds and other institutional investors own 33.49% of the company’s stock.

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Five Point Company Profile

Five Point Holdings, LLC, formerly Newhall Holding Company, LLC, is the owner and developer of mixed-use, planned communities in coastal California. The Company is primarily engaged in the business of planning and developing its three mixed-use, planned communities. It operates in three segments: Newhall, San Francisco and Great Park.

Analyst Recommendations for Five Point (NYSE:FPH)

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