Short Interest in Five Point Holdings, LLC (NYSE:FPH) Rises By 20.7%

Five Point Holdings, LLC (NYSE:FPH) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 404,422 shares, a growth of 20.7% from the January 15th total of 335,128 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 160,832 shares, the days-to-cover ratio is currently 2.5 days. Based on an average daily volume of 160,832 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.4% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Five Point from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Insider Activity

In other Five Point news, insider Kim Tobler sold 18,714 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $6.01, for a total value of $112,471.14. Following the completion of the transaction, the insider owned 35,636 shares of the company’s stock, valued at approximately $214,172.36. This trade represents a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 21.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five Point

Institutional investors have recently made changes to their positions in the stock. JBF Capital Inc. acquired a new stake in Five Point during the 4th quarter valued at $56,000. State of Wyoming purchased a new position in Five Point in the 2nd quarter worth approximately $58,000. Occudo Quantitative Strategies LP grew 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 valued at $103,000 after acquiring an additional 2,537 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Five Point during the second quarter valued at approximately $128,000. Finally, Squarepoint Ops LLC purchased a new position in Five Point in the 4th quarter valued at about $138,000. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

Five Point Stock Performance

Shares of Five Point stock traded down $0.01 during trading hours on Wednesday, reaching $5.42. 83,274 shares of the company were exchanged, compared to its average volume of 164,154. The firm has a market cap of $796.37 million, a PE ratio of 5.67 and a beta of 1.40. The stock’s fifty day moving average is $5.54 and its 200 day moving average is $5.78. Five Point has a 1 year low of $4.58 and a 1 year high of $6.64.

Five Point (NYSE:FPH) last issued its earnings results on Thursday, January 29th. The company reported $0.31 EPS for the quarter. Five Point had a net margin of 64.50% and a return on equity of 3.17%. The firm had revenue of $75.90 million during the quarter.

About Five Point

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.