Renaissance Technologies LLC Trims Stock Position in Five Point Holdings, LLC (NYSE:FPH)

Renaissance Technologies LLC trimmed its holdings in shares of Five Point Holdings, LLC (NYSE:FPH) by 23.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,900 shares of the company’s stock after selling 117,200 shares during the period. Renaissance Technologies LLC owned about 0.25% of Five Point worth $1,413,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FPH. Jane Street Group LLC purchased a new position in Five Point during the third quarter worth $76,000. Virtu Financial LLC purchased a new stake in shares of Five Point during the third quarter worth about $105,000. O Keefe Stevens Advisory Inc. raised its position 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 buying an additional 163,647 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Five Point during the fourth quarter valued at approximately $80,000. Finally, Private Management Group Inc. boosted its position in Five Point by 9.8% during the fourth quarter. Private Management Group Inc. now owns 5,525,607 shares of the company’s stock worth $20,887,000 after acquiring an additional 493,138 shares during the last quarter. 38.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Kim Tobler sold 18,496 shares of the stock in a transaction that occurred on Saturday, March 8th. The shares were sold at an average price of $5.78, for a total transaction of $106,906.88. Following the completion of the sale, the insider now owns 17,927 shares of the company’s stock, valued at approximately $103,618.06. This represents a 50.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 21.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zelman & Associates upgraded Five Point from a “neutral” rating to an “outperform” rating in a report on Monday, January 27th.

Five Point Trading Down 4.2 %

NYSE FPH opened at $5.44 on Tuesday. The business’s 50-day moving average price is $5.28 and its 200 day moving average price is $4.65. Five Point Holdings, LLC has a twelve month low of $2.83 and a twelve month high of $6.71. The company has a market capitalization of $808.99 million, a PE ratio of 5.67 and a beta of 1.46.

Five Point (NYSE:FPH) last released its earnings results on Thursday, April 24th. The company reported $0.32 earnings per share (EPS) for the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%. The business had revenue of $13.16 million for the quarter.

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.