Raymond James & Associates Has $628,000 Position in Five Point Holdings, LLC (NYSE:FPH)

Raymond James & Associates reduced its position in shares of Five Point Holdings, LLC (NYSE:FPH) by 28.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 204,501 shares of the company’s stock after selling 81,413 shares during the quarter. Raymond James & Associates’ holdings in Five Point were worth $628,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Aristeia Capital LLC bought a new stake in Five Point during the third quarter worth about $54,000. Wellington Management Group LLP raised its holdings in Five Point by 1.7% during the third quarter. Wellington Management Group LLP now owns 1,184,583 shares of the company’s stock worth $3,518,000 after acquiring an additional 19,262 shares in the last quarter. O Keefe Stevens Advisory Inc. raised its holdings in Five Point by 1.6% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 1,548,559 shares of the company’s stock worth $4,754,000 after acquiring an additional 24,387 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Five Point in the third quarter valued at approximately $80,000. Finally, ACR Alpine Capital Research LLC raised its stake in Five Point by 6.8% in the third quarter. ACR Alpine Capital Research LLC now owns 603,883 shares of the company’s stock valued at $1,794,000 after buying an additional 38,498 shares during the period. Institutional investors own 38.09% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Five Point

In other news, major shareholder Luxor Capital Group, Lp sold 21,794 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $3.03, for a total transaction of $66,035.82. Following the transaction, the insider now owns 56,485 shares in the company, valued at $171,149.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 108,272 shares of company stock worth $333,539. Company insiders own 4.36% of the company’s stock.

Five Point Trading Down 1.7 %

Shares of NYSE FPH opened at $2.95 on Thursday. The firm has a market cap of $437.46 million, a P/E ratio of 3.47 and a beta of 1.43. Five Point Holdings, LLC has a 1-year low of $2.13 and a 1-year high of $3.74. The business’s 50 day moving average is $3.12 and its 200-day moving average is $2.91.

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.