Five Point Holdings, LLC $FPH Stock Position Boosted by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. lifted its position in Five Point Holdings, LLC (NYSE:FPH) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,982,033 shares of the company’s stock after buying an additional 210,413 shares during the period. Five Point makes up about 2.9% of O Keefe Stevens Advisory Inc.’s portfolio, making the stock its 15th largest position. O Keefe Stevens Advisory Inc. owned approximately 2.02% of Five Point worth $13,956,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FPH. Robotti Robert acquired a new position in Five Point during the 2nd quarter valued at about $36,702,000. Dimensional Fund Advisors LP boosted its stake in Five Point by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,380,446 shares of the company’s stock worth $6,681,000 after purchasing an additional 3,500 shares in the last quarter. ACR Alpine Capital Research LLC grew its position in Five Point by 10.3% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,229,255 shares of the company’s stock worth $5,950,000 after purchasing an additional 114,498 shares during the last quarter. Saber Capital Managment LLC purchased a new stake in Five Point during the 4th quarter worth approximately $2,247,000. Finally, Renaissance Technologies LLC increased its stake in Five Point by 5.3% during the 1st quarter. Renaissance Technologies LLC now owns 270,162 shares of the company’s stock valued at $1,308,000 after purchasing an additional 13,662 shares in the last quarter. 38.09% of the stock is currently owned by institutional investors and hedge funds.

Five Point Price Performance

NYSE:FPH traded down $0.03 during trading hours on Friday, reaching $4.46. The company had a trading volume of 65,774 shares, compared to its average volume of 170,775. Five Point Holdings, LLC has a 1-year low of $4.44 and a 1-year high of $6.47. The business’s 50 day moving average price is $4.99 and its 200-day moving average price is $5.03. The firm has a market cap of $658.81 million, a PE ratio of 6.27 and a beta of 1.36.

Five Point (NYSE:FPH) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.19. Five Point had a net margin of 45.35% and a return on equity of 2.29%. The business had revenue of $13.90 million for the quarter, compared to analysts’ expectations of $8.61 million.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Five Point in a research note on Friday, July 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Five Point Company Profile

Five Point Holdings, LLC (NYSE: FPH) is a California-based real estate development company that owns and develops large-scale, mixed-use master-planned communities. Its projects typically combine residential neighborhoods with commercial, retail, office, educational, recreational and public-space components.

The company’s principal developments include Great Park Neighborhoods in Irvine, Newhall Ranch in Los Angeles County and Valencia in Santa Clarita. These communities are designed to provide a range of housing options alongside parks, trails, schools, business areas and other amenities.