Luxor Capital Group, Lp Sells 23,881 Shares of Five Point Holdings, LLC (NYSE:FPH) Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 23,881 shares of the company’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $3.07, for a total transaction of $73,314.67. Following the completion of the sale, the insider now directly owns 57,024 shares in the company, valued at approximately $175,063.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

• On Monday, April 8th, Luxor Capital Group, Lp sold 3,971 shares of Five Point stock. The shares were sold at an average price of $3.19, for a total value of $12,667.49.
• On Monday, April 1st, Luxor Capital Group, Lp sold 4,163 shares of Five Point stock. The shares were sold at an average price of $3.15, for a total transaction of $13,113.45.
• On Thursday, March 28th, Luxor Capital Group, Lp sold 1,251 shares of Five Point stock. The shares were sold at an average price of $3.20, for a total value of $4,003.20.
• On Tuesday, March 26th, Luxor Capital Group, Lp sold 7,732 shares of Five Point stock. The stock was sold at an average price of $3.19, for a total transaction of $24,665.08.
• On Tuesday, January 16th, Luxor Capital Group, Lp sold 7,556 shares of Five Point stock. The stock was sold at an average price of $2.79, for a total transaction of $21,081.24.

Five Point Price Performance

Shares of FPH opened at $3.12 on Friday. The firm has a 50 day simple moving average of $3.16 and a two-hundred day simple moving average of $2.90. The company has a market cap of $462.66 million, a P/E ratio of 4.16 and a beta of 1.43. Five Point Holdings, LLC has a one year low of $2.13 and a one year high of $3.74.

Five Point (NYSE:FPH) last posted its quarterly earnings results on Thursday, January 18th. The company reported $0.39 earnings per share for the quarter. The firm had revenue of $118.76 million during the quarter. Five Point had a net margin of 26.16% and a return on equity of 2.89%.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded Five Point from a “d” rating to a “c-” rating in a report on Friday, January 19th.

Institutional Trading of Five Point

Several institutional investors and hedge funds have recently made changes to their positions in FPH. Swiss National Bank lifted its position in shares of Five Point by 8.9% during the 1st quarter. Swiss National Bank now owns 140,900 shares of the company’s stock valued at $861,000 after buying an additional 11,500 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Five Point by 60.0% in the 1st quarter. JPMorgan Chase & Co. now owns 31,405 shares of the company’s stock valued at $192,000 after purchasing an additional 11,776 shares during the period. Raymond James & Associates raised its holdings in shares of Five Point by 15.8% in the 1st quarter. Raymond James & Associates now owns 184,854 shares of the company’s stock valued at $1,129,000 after acquiring an additional 25,199 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Five Point during the 1st quarter valued at $62,000. Finally, Dimensional Fund Advisors LP lifted its stake in Five Point by 25.0% during the first quarter. Dimensional Fund Advisors LP now owns 589,837 shares of the company’s stock worth $3,604,000 after purchasing an additional 117,810 shares during the last quarter. Hedge funds and other institutional investors own 38.09% of the company’s stock.

About Five Point

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.