Five Point Holdings, LLC (NYSE:FPH) Short Interest Up 23.2% in February

Five Point Holdings, LLC (NYSE:FPH) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 513,400 shares, an increase of 23.2% from the February 13th total of 416,700 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 394,700 shares, the days-to-cover ratio is presently 1.3 days.

Analysts Set New Price Targets

Separately, Zelman & Associates raised shares of Five Point from a “neutral” rating to an “outperform” rating in a report on Monday, January 27th.

Insiders Place Their Bets

In other Five Point 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 value of $106,906.88. Following the transaction, the insider now directly owns 17,927 shares in the company, valued at $103,618.06. This represents a 50.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five Point

A number of large investors have recently added to or reduced their stakes in FPH. Lazard Asset Management LLC purchased a new position in Five Point during the fourth quarter valued at $45,000. XTX Topco Ltd purchased a new stake in shares of Five Point in the third quarter valued at $70,000. Envestnet Asset Management Inc. boosted its stake in shares of Five Point by 21.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company’s stock worth $66,000 after purchasing an additional 3,052 shares during the period. Jane Street Group LLC purchased a new stake in Five Point in the 3rd quarter worth about $76,000. Finally, Jump Financial LLC bought a new stake in Five Point in the fourth quarter worth about $70,000. Institutional investors own 38.09% of the company’s stock.

Five Point Trading Down 0.7 %

Shares of FPH stock traded down $0.04 during trading hours on Wednesday, reaching $5.42. The company’s stock had a trading volume of 18,983 shares, compared to its average volume of 264,383. Five Point has a one year low of $2.83 and a one year high of $6.71. The stock has a market capitalization of $806.02 million, a P/E ratio of 5.64 and a beta of 1.59. The firm’s fifty day simple moving average is $5.31 and its 200 day simple moving average is $4.32.

Five Point (NYSE:FPH) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.65 earnings per share for the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%.

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.