Luxor Capital Group, Lp Sells 99,730 Shares of Five Point Holdings, LLC (NYSE:FPH) Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 99,730 shares of Five Point stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $3.09, for a total value of $308,165.70. Following the completion of the transaction, the insider now directly owns 55,792 shares of the company’s stock, valued at $172,397.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, May 3rd, Luxor Capital Group, Lp sold 3,400 shares of Five Point stock. The shares were sold at an average price of $3.05, for a total transaction of $10,370.00.
• On Wednesday, April 24th, Luxor Capital Group, Lp sold 11,796 shares of Five Point stock. The stock was sold at an average price of $2.99, for a total value of $35,270.04.
• On Friday, April 19th, Luxor Capital Group, Lp sold 43,509 shares of Five Point stock. The stock was sold at an average price of $3.07, for a total transaction of $133,572.63.
• On Monday, April 22nd, Luxor Capital Group, Lp sold 21,794 shares of Five Point stock. The stock was sold at an average price of $3.03, for a total transaction of $66,035.82.
• On Wednesday, April 17th, Luxor Capital Group, Lp sold 700 shares of Five Point stock. The stock was sold at an average price of $3.10, for a total value of $2,170.00.
• On Monday, April 15th, Luxor Capital Group, Lp sold 725 shares of Five Point stock. The shares were sold at an average price of $3.17, for a total value of $2,298.25.
• On Friday, April 12th, Luxor Capital Group, Lp sold 546 shares of Five Point stock. The stock was sold at an average price of $3.11, for a total transaction of $1,698.06.
• 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 value of $73,314.67.
• 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 shares were sold at an average price of $3.15, for a total value of $13,113.45.

Five Point Stock Performance

Shares of NYSE:FPH opened at $3.11 on Thursday. The firm has a market capitalization of $461.18 million, a PE ratio of 3.66 and a beta of 1.41. Five Point Holdings, LLC has a 52-week low of $2.13 and a 52-week high of $3.74. The firm has a fifty day moving average of $3.09 and a 200 day moving average of $2.94.

Institutional Investors Weigh In On Five Point

Several hedge funds have recently added to or reduced their stakes in FPH. Aristeia Capital LLC purchased a new position in shares of Five Point during the 3rd quarter valued at about $54,000. WINTON GROUP Ltd bought a new position in Five Point during the third quarter valued at approximately $80,000. LexAurum Advisors LLC raised its stake in shares of Five Point by 386.1% during the fourth quarter. LexAurum Advisors LLC now owns 102,561 shares of the company’s stock worth $315,000 after acquiring an additional 81,461 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Five Point by 6.7% in the 3rd quarter. Raymond James & Associates now owns 285,914 shares of the company’s stock worth $849,000 after acquiring an additional 17,833 shares during the last quarter. Finally, Park West Asset Management LLC boosted its stake in shares of Five Point by 75.0% in the 4th quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock valued at $1,074,000 after purchasing an additional 150,000 shares in the last quarter. Institutional investors own 38.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.