Luxor Capital Group, Lp Sells 3,971 Shares of Five Point Holdings, LLC (NYSE:FPH) Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 3,971 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $3.19, for a total transaction of $12,667.49. Following the completion of the transaction, the insider now owns 5,359,147 shares in the company, valued at $17,095,678.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 Wednesday, April 10th, Luxor Capital Group, Lp sold 23,881 shares of Five Point stock. The shares were sold at an average price of $3.07, for a total transaction of $73,314.67.
• On Monday, April 1st, Luxor Capital Group, Lp sold 4,163 shares of Five Point stock. The shares were 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 shares were 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 transaction of $24,665.08.
• On Tuesday, January 16th, Luxor Capital Group, Lp sold 7,556 shares of Five Point stock. The shares were sold at an average price of $2.79, for a total transaction of $21,081.24.

Five Point Trading Up 1.0 %

Shares of NYSE:FPH opened at $3.12 on Friday. The company’s 50 day moving average is $3.16 and its two-hundred day moving average is $2.90. Five Point Holdings, LLC has a 52 week low of $2.13 and a 52 week high of $3.74. The company has a market cap of $462.66 million, a PE ratio of 4.16 and a beta of 1.43.

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

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Five Point from a “d” rating to a “c-” rating in a research note on Friday, January 19th.

Institutional Trading of Five Point

Large investors have recently bought and sold shares of the business. 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 purchased a new position in Five Point during the 1st quarter worth $62,000. Elkhorn Partners Limited Partnership increased its holdings in shares of Five Point by 70.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 17,000 shares of the company’s stock valued at $40,000 after purchasing an additional 7,000 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Five Point by 813.9% in the 1st quarter. Royal Bank of Canada now owns 17,730 shares of the company’s stock valued at $108,000 after purchasing an additional 15,790 shares in the last quarter. Finally, Aristeia Capital LLC purchased a new position in shares of Five Point in the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 38.09% of the company’s stock.

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.