Robotti Robert Purchases 75,000 Shares of Five Point Holdings, LLC (NYSE:FPH)

Robotti Robert lifted its position in shares of Five Point Holdings, LLC (NYSE:FPH) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,779,047 shares of the company’s stock after buying an additional 75,000 shares during the quarter. Five Point accounts for 4.5% of Robotti Robert’s portfolio, making the stock its 6th biggest holding. Robotti Robert’s holdings in Five Point were worth $25,625,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FPH. XTX Topco Ltd bought a new position in Five Point during the 3rd quarter worth $70,000. O Keefe Stevens Advisory Inc. grew its stake in shares of Five Point by 8.1% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company’s stock valued at $8,249,000 after acquiring an additional 163,647 shares in the last quarter. SG Americas Securities LLC bought a new position in Five Point during the fourth quarter worth about $80,000. Jane Street Group LLC acquired a new stake in Five Point in the 3rd quarter worth about $76,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 valued at $367,000 after purchasing an additional 50,234 shares during the period. 38.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Five Point

In other news, insider Kim Tobler sold 18,496 shares of the business’s stock in a transaction on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total transaction of $106,906.88. Following the completion of the transaction, the insider now owns 17,927 shares of the company’s stock, valued at approximately $103,618.06. The trade was a 50.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.36% of the stock is currently owned by insiders.

Five Point Price Performance

Shares of NYSE FPH opened at $5.52 on Thursday. The business has a fifty day moving average price of $5.53 and a two-hundred day moving average price of $4.41. The stock has a market capitalization of $820.15 million, a PE ratio of 5.74 and a beta of 1.59. 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 posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.65 earnings per share for the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%.

Analysts Set New Price Targets

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 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.