Glendon Capital Management LP Sells 50,000 Shares of Five Point Holdings, LLC $FPH
Glendon Capital Management LP reduced its stake in Five Point Holdings, LLC (NYSE: FPH) by 2.9% in Q1, selling 50,000 shares. After the sale, it holds 1,658,375 shares, representing 0.5% of its portfolio. Other institutional investors have also adjusted their positions in Five Point. The stock opened at $5.5050, with a market cap of $820.77 million and a PE ratio of 5.05. Five Point reported $0.05 EPS and $7.47 million in revenue for the last quarter. Analyst ratings have varied, with a consensus rating of "Buy."
Glendon Capital Management LP lowered its position in Five Point Holdings, LLC (NYSE:FPH - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,658,375 shares of the company's stock after selling 50,000 shares during the quarter. Five Point makes up about 0.5% of Glendon Capital Management LP's portfolio, making the stock its 14th biggest position. Glendon Capital Management LP owned approximately 1.12% of Five Point worth $8,856,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in Five Point by 0.3% in the fourth quarter. Bank of America Corp DE now owns 2,848,981 shares of the company's stock worth $10,769,000 after purchasing an additional 7,666 shares in the last quarter. O Keefe Stevens Advisory Inc. grew its stake in Five Point by 2.5% in the first quarter. O Keefe Stevens Advisory Inc. now owns 2,236,313 shares of the company's stock worth $11,942,000 after purchasing an additional 54,141 shares in the last quarter. Wellington Management Group LLP grew its stake in Five Point by 10.3% in the first quarter. Wellington Management Group LLP now owns 1,030,817 shares of the company's stock worth $5,505,000 after purchasing an additional 96,300 shares in the last quarter. ACR Alpine Capital Research LLC grew its stake in Five Point by 3.4% in the first quarter. ACR Alpine Capital Research LLC now owns 998,198 shares of the company's stock worth $5,330,000 after purchasing an additional 32,540 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Five Point by 26.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 947,949 shares of the company's stock worth $3,583,000 after purchasing an additional 198,103 shares in the last quarter. Institutional investors own 38.09% of the company's stock.
Five Point Trading Up 0.5%
Shares of NYSE FPH opened at $5.5050 on Friday. The stock has a market capitalization of $820.77 million, a PE ratio of 5.05 and a beta of 1.53. The stock's fifty day simple moving average is $5.68 and its two-hundred day simple moving average is $5.52. Five Point Holdings, LLC has a 12-month low of $3.03 and a 12-month high of $6.71.
Five Point (NYSE:FPH - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $7.47 million for the quarter. Five Point had a return on equity of 3.61% and a net margin of 39.43%.
Analyst Ratings Changes
Separately, Wall Street Zen cut Five Point from a "strong-buy" rating to a "hold" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Five Point currently has a consensus rating of "Buy".
Read Our Latest Research Report on Five Point
Five Point Profile
(Free Report)Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.
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