Luxor Capital Group, Lp Sells 23,881 Shares of Five Point Holdings, LLC (NYSE:FPH) Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 23,881 shares of Five Point stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $3.07, for a total transaction of $73,314.67. Following the transaction, the insider now directly owns 57,024 shares of the company’s stock, valued at $175,063.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

• On Monday, April 8th, Luxor Capital Group, Lp sold 3,971 shares of Five Point stock. The shares were sold at an average price of $3.19, for a total transaction of $12,667.49.
• On Monday, April 1st, Luxor Capital Group, Lp sold 4,163 shares of Five Point stock. The stock was sold at an average price of $3.15, for a total transaction of $13,113.45.
• On Thursday, March 28th, Luxor Capital Group, Lp sold 1,251 shares of Five Point stock. The stock was sold at an average price of $3.20, for a total transaction of $4,003.20.
• On Tuesday, March 26th, Luxor Capital Group, Lp sold 7,732 shares of Five Point stock. The shares were sold at an average price of $3.19, for a total value of $24,665.08.
• On Tuesday, January 16th, Luxor Capital Group, Lp sold 7,556 shares of Five Point stock. The stock was sold at an average price of $2.79, for a total value of $21,081.24.

Five Point Stock Performance

Shares of NYSE FPH opened at $3.12 on Friday. The firm has a fifty day moving average of $3.16 and a 200 day moving average of $2.90. The firm has a market cap of $462.66 million, a PE ratio of 4.16 and a beta of 1.43. Five Point Holdings, LLC has a one year low of $2.13 and a one year high of $3.74.

Five Point (NYSE:FPH) last announced its earnings results on Thursday, January 18th. The company reported $0.39 earnings per share (EPS) for the quarter. Five Point had a net margin of 26.16% and a return on equity of 2.89%. The business had revenue of $118.76 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded Five Point from a “d” rating to a “c-” rating in a research report on Friday, January 19th.

Institutional Investors Weigh In On Five Point

Several institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new stake in Five Point during the 1st quarter worth $37,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Five Point during the 1st quarter valued at about $62,000. Elkhorn Partners Limited Partnership increased its holdings in shares of Five Point by 70.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 17,000 shares of the company’s stock worth $40,000 after buying an additional 7,000 shares during the last quarter. Royal Bank of Canada increased its stake in Five Point by 813.9% during the first quarter. Royal Bank of Canada now owns 17,730 shares of the company’s stock worth $108,000 after acquiring an additional 15,790 shares during the last quarter. Finally, Aristeia Capital LLC purchased a new position in shares of Five Point during the 3rd quarter worth $54,000. 38.09% of the stock is currently owned by institutional investors and hedge funds.

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.