Shares of Five Point Holdings LLC (NYSE:FPH) have received a consensus rating of “Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $9.75.
Several research analysts recently weighed in on the company. Zacks Investment Research downgraded Five Point from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Evercore ISI restated a “buy” rating on shares of Five Point in a research note on Tuesday, August 13th.
Shares of NYSE:FPH traded up $0.09 on Monday, reaching $6.82. The company had a trading volume of 123,383 shares, compared to its average volume of 120,819. Five Point has a 52-week low of $6.44 and a 52-week high of $9.40. The firm’s 50 day simple moving average is $7.31 and its 200-day simple moving average is $7.61. The firm has a market capitalization of $1.01 billion, a PE ratio of -18.94 and a beta of 1.05.
Five Point (NYSE:FPH) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.10). Five Point had a negative net margin of 23.77% and a negative return on equity of 2.64%. The company had revenue of $12.39 million during the quarter, compared to analysts’ expectations of $12.68 million. As a group, equities analysts expect that Five Point will post -0.04 EPS for the current year.
A number of hedge funds have recently made changes to their positions in FPH. Schroder Investment Management Group grew its stake in Five Point by 54.8% during the 2nd quarter. Schroder Investment Management Group now owns 1,066,873 shares of the company’s stock valued at $8,023,000 after purchasing an additional 377,697 shares during the last quarter. O Keefe Stevens Advisory Inc. grew its stake in Five Point by 1.7% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 723,975 shares of the company’s stock valued at $5,430,000 after purchasing an additional 12,285 shares during the last quarter. Citadel Advisors LLC grew its stake in Five Point by 22.4% during the 2nd quarter. Citadel Advisors LLC now owns 198,371 shares of the company’s stock valued at $1,492,000 after purchasing an additional 36,348 shares during the last quarter. Man Group plc purchased a new stake in Five Point during the 2nd quarter valued at about $79,000. Finally, Luxor Capital Group LP purchased a new stake in Five Point during the 2nd quarter valued at about $25,548,000. Hedge funds and other institutional investors own 33.76% of the company’s stock.
Five Point Company Profile
Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. The company operates through four segments: Newhall, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates properties; and provides development management services.
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