Five Point (NYSE:FPH) Insider Greg Mcwilliams Sells 111,037 Shares

Five Point Holdings, LLC (NYSE:FPH) insider Greg Mcwilliams sold 111,037 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $5.23, for a total transaction of $580,723.51. Following the completion of the transaction, the insider owned 588,735 shares in the company, valued at approximately $3,079,084.05. The trade was a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Five Point Price Performance

Shares of Five Point stock opened at $5.27 on Wednesday. The stock has a market cap of $775.06 million, a price-to-earnings ratio of 5.49 and a beta of 1.39. Five Point Holdings, LLC has a 1 year low of $4.58 and a 1 year high of $6.64. The firm’s 50-day moving average is $5.51 and its two-hundred day moving average is $5.78.

Five Point (NYSE:FPH) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.31 earnings per share for the quarter. Five Point had a net margin of 64.50% and a return on equity of 3.14%. The business had revenue of $75.90 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Five Point from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Five Point presently has an average rating of “Hold”.

Hedge Funds Weigh In On Five Point

A number of hedge funds have recently modified their holdings of the business. Flax Pond Capital LLC purchased a new position in shares of Five Point in the fourth quarter valued at approximately $699,000. Oxford Asset Management LLP acquired a new stake in Five Point in the fourth quarter valued at $139,000. Millennium Management LLC purchased a new position in Five Point in the fourth quarter valued at approximately $748,000. Squarepoint Ops LLC acquired a new stake in Five Point during the 4th quarter worth $138,000. Finally, Wittenberg Investment Management Inc. purchased a new stake in shares of Five Point in the 4th quarter valued at about $416,000. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

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.