Meixler Investment Management Ltd. Makes New $75,000 Investment in Five Point Holdings, LLC (NYSE:FPH)

Meixler Investment Management Ltd. acquired a new position in shares of Five Point Holdings, LLC (NYSE:FPH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,802 shares of the company’s stock, valued at approximately $75,000.

Several other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of Five Point by 0.4% during the third quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock worth $3,975,000 after buying an additional 4,281 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Five Point during the third quarter worth approximately $70,000. Pure Financial Advisors LLC acquired a new stake in shares of Five Point during the third quarter worth approximately $73,000. Jane Street Group LLC acquired a new stake in shares of Five Point during the third quarter worth approximately $76,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Five Point during the fourth quarter worth approximately $80,000. Institutional investors and hedge funds own 38.09% of the company’s stock.

Five Point Price Performance

Shares of Five Point stock opened at $5.90 on Friday. The firm has a market cap of $874.17 million, a P/E ratio of 6.14 and a beta of 1.54. The firm has a 50 day simple moving average of $4.50 and a 200 day simple moving average of $3.94. Five Point Holdings, LLC has a fifty-two week low of $2.83 and a fifty-two week high of $6.71.

Five Point (NYSE:FPH) last released its earnings results on Thursday, January 23rd. The company reported $0.65 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 shares of Five Point from a “neutral” rating to an “outperform” rating in a report on Monday, January 27th.

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.