Lee Danner & Bass Inc. Buys Shares of 170,000 Five Point Holdings, LLC $FPH

Lee Danner & Bass Inc. bought a new position in shares of Five Point Holdings, LLC (NYSE:FPH) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 170,000 shares of the company’s stock, valued at approximately $823,000. Lee Danner & Bass Inc. owned about 0.12% of Five Point as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of FPH. JBF Capital Inc. acquired a new stake in shares of Five Point during the 4th quarter valued at $56,000. State of Wyoming bought a new position in Five Point in the second quarter valued at about $58,000. Occudo Quantitative Strategies LP boosted its stake in shares of Five Point by 17.7% during the third quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock valued at $103,000 after purchasing an additional 2,537 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Five Point during the second quarter valued at about $128,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Five Point during the fourth quarter worth about $138,000. 38.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Five Point Stock Performance

Shares of NYSE:FPH opened at $5.25 on Monday. Five Point Holdings, LLC has a 52 week low of $4.60 and a 52 week high of $6.64. The firm has a market cap of $778.88 million, a PE ratio of 8.60 and a beta of 1.32. The firm’s fifty day moving average is $5.03 and its 200-day moving average is $5.23.

Five Point (NYSE:FPH) last announced its earnings results on Thursday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate 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.