Five Point Holdings (FPH) Stake Lowered by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC lessened its holdings in Five Point Holdings (NYSE:FPH) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 650,000 shares of the company’s stock after selling 12,161 shares during the period. Alpine Woods Capital Investors LLC owned approximately 0.45% of Five Point worth $9,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in FPH. Maltese Capital Management LLC lifted its stake in shares of Five Point by 187.8% in the 4th quarter. Maltese Capital Management LLC now owns 805,950 shares of the company’s stock valued at $11,364,000 after purchasing an additional 525,950 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Five Point in the 4th quarter valued at $164,000. Swiss National Bank acquired a new position in Five Point during the 4th quarter worth about $822,000. Bank of New York Mellon Corp acquired a new position in Five Point during the 4th quarter worth about $1,041,000. Finally, BlackRock Inc. acquired a new position in Five Point during the 4th quarter worth about $291,000. 34.22% of the stock is currently owned by institutional investors and hedge funds.

Five Point opened at $12.26 on Friday, according to MarketBeat.com. Five Point Holdings has a 12-month low of $12.22 and a 12-month high of $12.40. The stock has a market cap of $1.78 billion and a P/E ratio of -20.10.

Five Point (NYSE:FPH) last posted its earnings results on Friday, March 30th. The company reported ($0.06) earnings per share (EPS) for the quarter. Five Point had a negative return on equity of 1.61% and a net margin of 122.14%. The firm had revenue of $22.26 million for the quarter, compared to analyst estimates of $9.10 million. analysts forecast that Five Point Holdings will post -0.2 earnings per share for the current year.

FPH has been the topic of several research reports. Zacks Investment Research raised Five Point from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. Royal Bank of Canada reissued a “buy” rating and set a $20.00 target price on shares of Five Point in a research note on Monday, April 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $19.25.

About Five Point

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers. The company was formerly known as Newhall Holding Company, LLC and changed its name to Five Point Holdings, LLC in May 2016.

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Institutional Ownership by Quarter for Five Point (NYSE:FPH)

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