Five Point (NYSE:FPH) Reaches New 12-Month Low – Should You Sell?

Five Point Holdings, LLC (NYSE:FPH) hit a new 52-week low on Wednesday . The stock traded as low as $4.72 and last traded at $4.78, with a volume of 57635 shares trading hands. The stock had previously closed at $4.77.

Analyst Ratings Changes

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, Based on data from MarketBeat, Five Point presently has a consensus rating of “Hold”.

Five Point Trading Down 0.1%

The firm has a market capitalization of $707.60 million, a PE ratio of 7.81 and a beta of 1.34. The business has a 50-day moving average of $5.05 and a 200 day moving average of $5.49.

Five Point (NYSE:FPH) last posted 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. Five Point had a net margin of 41.16% and a return on equity of 1.99%. The firm had revenue of $13.58 million during the quarter, compared to analyst estimates of $8.61 million.

Insider Transactions at Five Point

In other Five Point news, insider Greg Mcwilliams sold 111,037 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $5.23, for a total value of $580,723.51. Following the completion of the sale, the insider directly owned 588,735 shares of the company’s stock, valued at approximately $3,079,084.05. This represents a 15.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On Five Point

A number of institutional investors have recently added to or reduced their stakes in the company. Robotti Robert grew its position in Five Point by 2.7% in the 3rd quarter. Robotti Robert now owns 6,964,320 shares of the company’s stock worth $42,691,000 after purchasing an additional 185,273 shares in the last quarter. O Keefe Stevens Advisory Inc. boosted its position in Five Point by 0.8% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 2,342,069 shares of the company’s stock worth $13,092,000 after purchasing an additional 17,981 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Five Point by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,414,018 shares of the company’s stock worth $8,667,000 after purchasing an additional 48,181 shares during the last quarter. ACR Alpine Capital Research LLC boosted its position in Five Point by 10.3% in the first 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. Finally, Raymond James Financial Inc. boosted its position in Five Point by 10.3% in the second quarter. Raymond James Financial Inc. now owns 418,380 shares of the company’s stock worth $2,301,000 after purchasing an additional 39,088 shares during the last quarter. 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.