Five Point (NYSE:FPH) Sees Unusually-High Trading Volume – What’s Next?

Five Point Holdings, LLC (NYSE:FPH) shares saw unusually-high trading volume on Friday . Approximately 261,972 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 171,354 shares.The stock last traded at $3.60 and had previously closed at $3.72.

Five Point Price Performance

The stock’s fifty day moving average is $3.83 and its two-hundred day moving average is $3.54. The stock has a market capitalization of $541.26 million, a P/E ratio of 5.21 and a beta of 1.46.

Five Point (NYSE:FPH) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $17.01 million during the quarter. Five Point had a return on equity of 2.57% and a net margin of 26.19%.

Insider Buying and Selling

In related news, Director Sam Levinson acquired 3,283,024 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was acquired at an average price of $3.15 per share, with a total value of $10,341,525.60. Following the completion of 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 111.81 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.36% of the company’s stock.

Hedge Funds Weigh In On Five Point

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in Five Point during the third quarter worth about $70,000. Pure Financial Advisors LLC acquired a new position in Five Point in the third quarter valued at about $73,000. Jane Street Group LLC acquired a new stake in shares of Five Point in the 3rd quarter valued at approximately $76,000. Virtu Financial LLC acquired a new position in Five Point during the third quarter valued at approximately $105,000. Finally, WINTON GROUP Ltd increased its position in shares of Five Point by 89.3% in the 2nd quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock valued at $107,000 after buying an additional 17,196 shares in the last quarter. 38.09% of the stock is currently owned by institutional investors.

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.