Insider Selling: Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Sells 47,011 Shares of Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 47,011 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $3.42, for a total transaction of $160,777.62. Following the completion of the sale, the insider now directly owns 54,543 shares of the company’s stock, valued at $186,537.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

• On Thursday, September 19th, Luxor Capital Group, Lp sold 67,189 shares of Five Point stock. The shares were sold at an average price of $3.41, for a total value of $229,114.49.
• On Wednesday, July 24th, Luxor Capital Group, Lp sold 2,600 shares of Five Point stock. The stock was sold at an average price of $3.23, for a total value of $8,398.00.
• On Friday, July 19th, Luxor Capital Group, Lp sold 106,984 shares of Five Point stock. The stock was sold at an average price of $3.12, for a total value of $333,790.08.

Five Point Stock Performance

Shares of FPH opened at $3.37 on Friday. The stock has a market capitalization of $499.74 million, a P/E ratio of 3.96 and a beta of 1.45. Five Point Holdings, LLC has a 1 year low of $2.13 and a 1 year high of $3.60. The company’s fifty day moving average is $3.17 and its two-hundred day moving average is $3.11.

Five Point (NYSE:FPH) last issued its quarterly earnings results on Thursday, July 18th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $51.19 million for the quarter. Five Point had a net margin of 21.73% and a return on equity of 2.70%.

Hedge Funds Weigh In On Five Point

A number of large investors have recently modified their holdings of FPH. Hillsdale Investment Management Inc. lifted its holdings in Five Point by 12.6% in the first quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock valued at $140,000 after acquiring an additional 5,000 shares during the period. TCW Group Inc. increased its holdings in shares of Five Point by 0.4% in the 2nd quarter. TCW Group Inc. now owns 1,133,537 shares of the company’s stock valued at $3,321,000 after purchasing an additional 5,000 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of Five Point by 89.3% in the second quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock valued at $107,000 after purchasing an additional 17,196 shares during the period. O Keefe Stevens Advisory Inc. boosted its holdings in Five Point by 1.9% during the first quarter. O Keefe Stevens Advisory Inc. now owns 1,577,400 shares of the company’s stock worth $4,937,000 after buying an additional 28,841 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Five Point by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after buying an additional 77,369 shares during the period. 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.