Five Point (NYSE:FPH) Sees Unusually-High Trading Volume Following Strong Earnings

Shares of Five Point Holdings, LLC (NYSE:FPH) saw strong trading volume on Friday following a stronger than expected earnings report. 257,040 shares were traded during mid-day trading, an increase of 45% from the previous session’s volume of 177,210 shares.The stock last traded at $4.9450 and had previously closed at $5.06.

The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The company had revenue of $13.58 million during the quarter, compared to the consensus estimate of $8.61 million. Five Point had a net margin of 41.16% and a return on equity of 2.00%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Five Point from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Five Point has an average rating of “Hold”.

Insider Transactions at Five Point

In other Five Point news, insider Greg Mcwilliams sold 111,037 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $5.23, for a total value of $580,723.51. Following the transaction, the insider owned 588,735 shares in the company, valued at approximately $3,079,084.05. This represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.49% of the company’s stock.

Institutional Investors Weigh In On Five Point

Several hedge funds and other institutional investors have recently modified their holdings of the company. JBF Capital Inc. bought a new position in shares of Five Point in the 4th quarter worth $56,000. State of Wyoming bought a new stake in Five Point during the 2nd quarter valued at $58,000. Occudo Quantitative Strategies LP increased its stake in Five Point by 17.7% during the 3rd quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock valued at $103,000 after purchasing an additional 2,537 shares in the last quarter. XTX Topco Ltd acquired a new position in Five Point during the second quarter worth $128,000. Finally, Squarepoint Ops LLC acquired a new position in Five Point during the fourth quarter worth $138,000. Institutional investors own 38.09% of the company’s stock.

Five Point Stock Up 0.8%

The stock has a market capitalization of $751.89 million, a P/E ratio of 8.36 and a beta of 1.38. The business’s 50 day simple moving average is $5.17 and its two-hundred day simple moving average is $5.56.

Five Point Company Profile

Five Point Holdings, L.P. (NYSE:FPH) is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.