Five Point (NYSE:FPH) Reaches New 1-Year High – Time to Buy?

Five Point Holdings, LLC (NYSE:FPH)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.70 and last traded at $5.15, with a volume of 55969 shares changing hands. The stock had previously closed at $4.06.

Five Point Price Performance

The stock has a market cap of $800.32 million, a P/E ratio of 7.65 and a beta of 1.46. The firm’s 50-day moving average price is $3.83 and its 200-day moving average price is $3.60.

Five Point (NYSE:FPH) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.65 earnings per share for the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%.

Institutional Trading of Five Point

Large investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in Five Point in the third quarter worth about $70,000. O Keefe Stevens Advisory Inc. lifted its stake in Five Point by 8.1% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company’s stock worth $8,249,000 after acquiring an additional 163,647 shares during the period. Jane Street Group LLC purchased a new stake in Five Point in the third quarter worth about $76,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Five Point by 131.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,376 shares of the company’s stock valued at $367,000 after buying an additional 50,234 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Five Point by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock valued at $1,928,000 after buying an additional 77,369 shares during the last quarter. 38.09% of the stock is owned by hedge funds and other institutional investors.

Five Point Company Profile

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.