Weiss Ratings Reaffirms “Hold (C)” Rating for Five Point (NYSE:FPH)

Five Point (NYSE:FPH)‘s stock had its “hold (c)” rating reissued by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Five Point from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Five Point Price Performance

Five Point stock opened at $5.98 on Wednesday. The firm has a 50 day simple moving average of $5.79 and a 200-day simple moving average of $5.58. The stock has a market capitalization of $891.62 million, a PE ratio of 5.49 and a beta of 1.50. Five Point has a 12-month low of $3.42 and a 12-month high of $6.71.

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

Institutional Investors Weigh In On Five Point

Hedge funds have recently made changes to their positions in the company. State of Wyoming purchased a new stake in shares of Five Point in the 2nd quarter valued at approximately $58,000. Virtu Financial LLC purchased a new stake in shares of Five Point in the 1st quarter valued at approximately $65,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Five Point in the 1st quarter valued at approximately $79,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Five Point in the 2nd quarter valued at approximately $85,000. Finally, XTX Topco Ltd purchased a new stake in shares of Five Point in the 2nd quarter valued at approximately $128,000. Hedge funds and other institutional investors own 38.09% of the company’s stock.

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.