Five Point Holdings, LLC (NYSE:FPH) Short Interest Down 9.6% in June

Five Point Holdings, LLC (NYSE:FPH) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 123,400 shares, a drop of 9.6% from the May 31st total of 136,500 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 68,100 shares, the days-to-cover ratio is currently 1.8 days.

Five Point Stock Down 0.5 %

Five Point stock traded down $0.02 during mid-day trading on Wednesday, hitting $2.97. The company had a trading volume of 16,932 shares, compared to its average volume of 79,461. Five Point has a 1 year low of $2.13 and a 1 year high of $3.74. The business has a fifty day moving average of $3.08 and a 200 day moving average of $3.10. The stock has a market cap of $439.68 million, a price-to-earnings ratio of 3.49 and a beta of 1.47.

Five Point (NYSE:FPH) last posted its earnings results on Thursday, April 18th. The company reported $0.03 EPS for the quarter. Five Point had a net margin of 28.83% and a return on equity of 3.19%. The firm had revenue of $9.94 million for the quarter.

Insider Transactions at Five Point

In related news, major shareholder Luxor Capital Group, Lp sold 99,730 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $3.09, for a total value of $308,165.70. Following the transaction, the insider now owns 55,792 shares of the company’s stock, valued at $172,397.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 223,802 shares of company stock valued at $688,069. Insiders own 4.36% of the company’s stock.

Hedge Funds Weigh In On Five Point

Several hedge funds have recently made changes to their positions in FPH. Hillsdale Investment Management Inc. boosted its position in shares of Five Point by 12.6% in the 1st quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock valued at $140,000 after purchasing an additional 5,000 shares during the period. LexAurum Advisors LLC increased its holdings in shares of Five Point by 386.1% in the 4th quarter. LexAurum Advisors LLC now owns 102,561 shares of the company’s stock valued at $315,000 after acquiring an additional 81,461 shares during the period. Park West Asset Management LLC raised its position in Five Point by 75.0% in the 4th quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock valued at $1,074,000 after purchasing an additional 150,000 shares during the last quarter. ACR Alpine Capital Research LLC boosted its stake in Five Point by 15.0% during the 4th quarter. ACR Alpine Capital Research LLC now owns 694,225 shares of the company’s stock worth $2,131,000 after purchasing an additional 90,342 shares during the period. Finally, TCW Group Inc. grew its position in Five Point by 17.2% during the 4th quarter. TCW Group Inc. now owns 826,037 shares of the company’s stock worth $2,536,000 after purchasing an additional 121,337 shares during the last quarter. Hedge funds and other institutional investors own 38.09% of the company’s stock.

About Five Point

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.