Flax Pond Capital LLC Invests $699,000 in Five Point Holdings, LLC $FPH

Flax Pond Capital LLC purchased a new position in Five Point Holdings, LLC (NYSE:FPH) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 125,107 shares of the company’s stock, valued at approximately $699,000. Flax Pond Capital LLC owned about 0.09% of Five Point at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in Five Point by 7.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 25,602 shares of the company’s stock worth $157,000 after buying an additional 1,885 shares during the last quarter. Occudo Quantitative Strategies LP lifted its stake in Five Point by 17.7% in the third quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock valued at $103,000 after buying an additional 2,537 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in shares of Five Point by 11.8% during the third quarter. Susquehanna International Group LLP now owns 31,404 shares of the company’s stock valued at $193,000 after acquiring an additional 3,304 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Five Point by 14.2% during the first quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company’s stock valued at $323,000 after acquiring an additional 7,544 shares during the period. Finally, JBF Capital Inc. bought a new position in shares of Five Point during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 38.09% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Five Point from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Five Point presently has a consensus rating of “Hold”.

Five Point Trading Up 0.1%

Shares of NYSE FPH opened at $5.12 on Friday. The stock has a 50 day simple moving average of $5.00 and a 200-day simple moving average of $5.28. The company has a market cap of $761.06 million, a PE ratio of 8.40 and a beta of 1.33. Five Point Holdings, LLC has a 12-month low of $4.60 and a 12-month high of $6.64.

Five Point (NYSE:FPH) last issued its quarterly earnings data on Thursday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $13.58 million during the quarter, compared to analyst estimates of $8.61 million. Five Point had a return on equity of 1.99% and a net margin of 41.16%.

Five Point Company Profile

Five Point Holdings, L.P. (NYSE:FPH) is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.