Five Point Holdings, LLC (NYSE:FPH) Director Sam Levinson Purchases 3,283,024 Shares

Five Point Holdings, LLC (NYSE:FPH) Director Sam Levinson purchased 3,283,024 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was purchased at an average price of $3.15 per share, with a total value of $10,341,525.60. Following the transaction, the director now owns 6,219,241 shares of the company’s stock, valued at approximately $19,590,609.15. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Five Point Trading Down 1.8 %

Shares of NYSE FPH opened at $3.83 on Friday. The stock has a market cap of $567.95 million, a price-to-earnings ratio of 4.51 and a beta of 1.46. The company’s 50-day moving average price is $3.58 and its 200 day moving average price is $3.25. Five Point Holdings, LLC has a 52 week low of $2.13 and a 52 week high of $4.39.

Five Point (NYSE:FPH) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.07 earnings per share for the quarter. Five Point had a net margin of 21.73% and a return on equity of 2.70%. The business had revenue of $17.01 million during the quarter.

Hedge Funds Weigh In On Five Point

A number of institutional investors have recently made changes to their positions in FPH. O Keefe Stevens Advisory Inc. boosted its stake in shares of Five Point by 18.4% during the third quarter. O Keefe Stevens Advisory Inc. now owns 2,018,525 shares of the company’s stock valued at $8,377,000 after acquiring an additional 313,110 shares during the last quarter. ACR Alpine Capital Research LLC lifted its holdings in Five Point by 16.2% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 962,595 shares of the company’s stock valued at $2,820,000 after purchasing an additional 134,472 shares in the last quarter. Private Management Group Inc. grew its holdings in shares of Five Point by 2.5% during the second quarter. Private Management Group Inc. now owns 5,023,874 shares of the company’s stock worth $14,720,000 after buying an additional 124,806 shares in the last quarter. Choreo LLC purchased a new position in shares of Five Point during the second quarter valued at approximately $293,000. Finally, Dimensional Fund Advisors LP boosted 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 acquiring an additional 77,369 shares during the last quarter. 38.09% of the stock is owned by institutional investors and hedge funds.

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.