Five Point Holdings, LLC (NYSE:FPH) Sees Large Increase in Short Interest

Five Point Holdings, LLC (NYSE:FPH) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 220,300 shares, an increase of 152.9% from the December 31st total of 87,100 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 218,600 shares, the days-to-cover ratio is currently 1.0 days.

Five Point Stock Up 2.5 %

FPH traded up $0.16 during trading on Friday, reaching $6.58. 240,778 shares of the company were exchanged, compared to its average volume of 550,457. The company has a market cap of $975.75 million, a price-to-earnings ratio of 6.85 and a beta of 1.46. Five Point has a 12-month low of $2.83 and a 12-month high of $6.69. The company’s 50-day moving average is $4.05 and its two-hundred day moving average is $3.71.

Five Point (NYSE:FPH) last posted its earnings results on Thursday, January 23rd. The company reported $0.65 earnings per share (EPS) for the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%.

Wall Street Analyst Weigh In

Separately, Zelman & Associates raised Five Point from a “neutral” rating to an “outperform” rating in a research note on Monday.

Institutional Trading of Five Point

Several institutional investors and hedge funds have recently made changes to their positions in FPH. XTX Topco Ltd bought a new stake in Five Point in the 3rd quarter worth approximately $70,000. O Keefe Stevens Advisory Inc. lifted its holdings in shares of Five Point by 8.1% in the 4th 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 last quarter. Jane Street Group LLC bought a new position in shares of Five Point during the 3rd quarter valued at $76,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Five Point by 131.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,376 shares of the company’s stock worth $367,000 after purchasing an additional 50,234 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Five Point by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after purchasing an additional 77,369 shares during the period. Hedge funds and other institutional investors own 38.09% of the company’s stock.

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.