Shares of Five Point Holdings LLC (NYSE:FPH) have earned a consensus rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $19.70.
Separately, Zacks Investment Research raised shares of Five Point from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th.
Large investors have recently modified their holdings of the stock. Nationwide Fund Advisors bought a new stake in shares of Five Point during the second quarter valued at about $130,000. Teacher Retirement System of Texas bought a new stake in shares of Five Point during the fourth quarter valued at about $164,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Five Point during the third quarter valued at about $275,000. BlackRock Inc. bought a new stake in shares of Five Point during the fourth quarter valued at about $291,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Five Point by 126.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 36,886 shares of the company’s stock valued at $520,000 after buying an additional 20,596 shares during the period. 34.72% of the stock is currently owned by institutional investors.
Shares of Five Point (FPH) traded down $0.18 during trading hours on Tuesday, hitting $14.15. 5,261 shares of the company were exchanged, compared to its average volume of 222,770. Five Point has a 52 week low of $12.00 and a 52 week high of $16.74.
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About Five Point
Five Point Holdings, LLC, formerly Newhall Holding Company, LLC, is the owner and developer of mixed-use, planned communities in coastal California. The Company is primarily engaged in the business of planning and developing its three mixed-use, planned communities. It operates in three segments: Newhall, San Francisco and Great Park.
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