Five Point (NYSE:FPH) Stock Price Down 0.3% – Time to Sell?

Five Point Holdings, LLC (NYSE:FPH)’s share price was down 0.3% during mid-day trading on Tuesday . The stock traded as low as $5.03 and last traded at $5.0660. Approximately 65,709 shares changed hands during trading, a decline of 66% from the average daily volume of 191,215 shares. The stock had previously closed at $5.08.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered 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, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Five Point Trading Up 2.2%

The firm has a market capitalization of $761.97 million, a price-to-earnings ratio of 8.41 and a beta of 1.33. The company has a fifty day moving average price of $4.97 and a 200-day moving average price of $5.32.

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

Institutional Trading of Five Point

Several large investors have recently modified their holdings of FPH. JBF Capital Inc. bought a new position in Five Point in the 4th quarter worth $56,000. State of Wyoming bought a new stake in Five Point during the second quarter valued at about $58,000. Lazard Asset Management LLC bought a new stake in Five Point during the first quarter valued at about $79,000. Occudo Quantitative Strategies LP grew its position in shares of 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 purchasing an additional 2,537 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Five Point in the second quarter valued at about $128,000. 38.09% of the stock is owned by institutional investors.

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.