ACR Alpine Capital Research LLC Purchases 114,498 Shares of Five Point Holdings, LLC $FPH

ACR Alpine Capital Research LLC grew its position in Five Point Holdings, LLC (NYSE:FPH) by 10.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,229,255 shares of the company’s stock after purchasing an additional 114,498 shares during the period. Five Point accounts for 0.1% of ACR Alpine Capital Research LLC’s investment portfolio, making the stock its 23rd biggest holding. ACR Alpine Capital Research LLC’s holdings in Five Point were worth $5,950,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in shares of Five Point by 7.9% during the third quarter. Envestnet Asset Management Inc. now owns 25,602 shares of the company’s stock valued at $157,000 after acquiring an additional 1,885 shares during the period. Occudo Quantitative Strategies LP increased its position in Five Point by 17.7% in the third quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock worth $103,000 after purchasing an additional 2,537 shares during the period. Susquehanna International Group LLP increased its position in Five Point by 11.8% in the third quarter. Susquehanna International Group LLP now owns 31,404 shares of the company’s stock worth $193,000 after purchasing an additional 3,304 shares during the period. Goldman Sachs Group Inc. raised its holdings in Five Point by 14.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company’s stock worth $323,000 after purchasing an additional 7,544 shares during the last quarter. Finally, JBF Capital Inc. bought a new stake in Five Point during the 4th quarter worth about $56,000. Institutional investors own 38.09% of the company’s stock.

Analysts Set New Price Targets

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

Five Point Trading Up 0.4%

NYSE FPH opened at $5.09 on Friday. The stock has a 50-day simple moving average of $5.04 and a 200 day simple moving average of $5.22. The company has a market capitalization of $755.87 million, a PE ratio of 8.34 and a beta of 1.32. 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 released its earnings results on Thursday, April 23rd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $13.58 million for 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.