Five Point (NYSE:FPH) Shares Gap Up Following Earnings Beat

Shares of Five Point Holdings, LLC (NYSE:FPH) gapped up before the market opened on Friday following a better than expected earnings announcement. The stock had previously closed at $5.01, but opened at $5.40. Five Point shares last traded at $5.3030, with a volume of 24,770 shares traded.

The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.19. Five Point had a return on equity of 2.30% and a net margin of 45.35%.The firm had revenue of $13.90 million for the quarter, compared to analysts’ expectations of $8.61 million.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Five Point from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Five Point presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Five Point

Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in shares of Five Point by 7.9% during the third quarter. Envestnet Asset Management Inc. now owns 25,602 shares of the company’s stock valued at $157,000 after buying an additional 1,885 shares during the period. Occudo Quantitative Strategies LP lifted its holdings in shares of Five Point by 17.7% in the third quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock worth $103,000 after buying an additional 2,537 shares in the last quarter. Susquehanna International Group LLP boosted its position in shares of Five Point by 11.8% in the third quarter. Susquehanna International Group LLP now owns 31,404 shares of the company’s stock valued at $193,000 after acquiring an additional 3,304 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Five Point by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,380,446 shares of the company’s stock valued at $6,681,000 after acquiring an additional 3,500 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Five Point by 14.2% during the first quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company’s stock valued at $323,000 after acquiring an additional 7,544 shares in the last quarter. 38.09% of the stock is owned by institutional investors.

Five Point Price Performance

The firm’s 50 day moving average is $5.10 and its 200 day moving average is $5.19. The company has a market cap of $781.26 million, a PE ratio of 7.41 and a beta of 1.32.

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.