Five Point Holdings, LLC $FPH Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its position in Five Point Holdings, LLC (NYSE:FPH) by 110.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 151,383 shares of the company’s stock after acquiring an additional 79,491 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.10% of Five Point worth $808,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Five Point by 26.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 947,949 shares of the company’s stock worth $3,583,000 after buying an additional 198,103 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Five Point by 10.3% in the first quarter. Wellington Management Group LLP now owns 1,030,817 shares of the company’s stock valued at $5,505,000 after buying an additional 96,300 shares during the last quarter. Corsair Capital Management L.P. acquired a new position in shares of Five Point in the first quarter valued at approximately $481,000. O Keefe Stevens Advisory Inc. grew its holdings in Five Point by 2.5% in the first quarter. O Keefe Stevens Advisory Inc. now owns 2,236,313 shares of the company’s stock valued at $11,942,000 after purchasing an additional 54,141 shares during the period. Finally, American Century Companies Inc. grew its holdings in Five Point by 112.0% in the first quarter. American Century Companies Inc. now owns 93,245 shares of the company’s stock valued at $498,000 after purchasing an additional 49,263 shares during the period. Institutional investors and hedge funds own 38.09% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Five Point from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Five Point presently has an average rating of “Buy”.

Five Point Price Performance

Five Point stock opened at $5.97 on Wednesday. Five Point Holdings, LLC has a 12-month low of $3.13 and a 12-month high of $6.71. The firm has a 50 day simple moving average of $5.71 and a 200-day simple moving average of $5.50. The stock has a market capitalization of $890.10 million, a PE ratio of 5.48 and a beta of 1.55.

Five Point (NYSE:FPH) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.05 earnings per share for the quarter. Five Point had a net margin of 39.43% and a return on equity of 3.61%. The company had revenue of $7.47 million during 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.