Lazard Asset Management LLC Takes $45,000 Position in Five Point Holdings, LLC (NYSE:FPH)

Lazard Asset Management LLC purchased a new position in Five Point Holdings, LLC (NYSE:FPH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,922 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in Five Point by 21.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company’s stock valued at $66,000 after purchasing an additional 3,052 shares during the period. Jump Financial LLC bought a new position in shares of Five Point during the fourth quarter worth $70,000. Meixler Investment Management Ltd. acquired a new position in shares of Five Point in the 4th quarter valued at $75,000. XTX Topco Ltd grew its holdings in shares of Five Point by 24.5% in the 4th quarter. XTX Topco Ltd now owns 21,079 shares of the company’s stock valued at $80,000 after buying an additional 4,145 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Five Point in the 4th quarter valued at $80,000. 38.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Kim Tobler sold 18,496 shares of the company’s stock in a transaction dated Saturday, March 8th. The stock was sold at an average price of $5.78, for a total transaction of $106,906.88. Following the completion of the transaction, the insider now directly owns 17,927 shares of the company’s stock, valued at $103,618.06. This represents a 50.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.49% of the stock is currently owned by company insiders.

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 Price Performance

NYSE FPH opened at $5.41 on Tuesday. The stock’s 50-day moving average is $5.25 and its 200-day moving average is $4.85. Five Point Holdings, LLC has a one year low of $2.88 and a one year high of $6.71. The firm has a market cap of $803.79 million, a P/E ratio of 5.63 and a beta of 1.51.

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

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.