Short Interest in Five Point Holdings, LLC (NYSE:FPH) Rises By 51.5%

Five Point Holdings, LLC (NYSE:FPH) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 595,700 shares, agrowthof51.5% from the July 15th total of 393,100 shares. Based on an average trading volume of 185,700 shares, the short-interest ratio is presently 3.2 days. Currently,1.2% of the company’s shares are short sold. Currently,1.2% of the company’s shares are short sold. Based on an average trading volume of 185,700 shares, the short-interest ratio is presently 3.2 days.

Five Point Trading Down 0.5%

FPH opened at $5.4750 on Thursday. The company has a market capitalization of $816.32 million, a price-to-earnings ratio of 5.02 and a beta of 1.53. Five Point has a 12-month low of $2.98 and a 12-month high of $6.71. The business’s fifty day simple moving average is $5.68 and its 200-day simple moving average is $5.52.

Five Point (NYSE:FPH) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.05 earnings per share for the quarter. Five Point had a return on equity of 3.61% and a net margin of 39.43%.The firm had revenue of $7.47 million during the quarter.

Hedge Funds Weigh In On Five Point

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in Five Point by 0.3% during the fourth quarter. Bank of America Corp DE now owns 2,848,981 shares of the company’s stock valued at $10,769,000 after buying an additional 7,666 shares during the period. O Keefe Stevens Advisory Inc. boosted its position in Five Point by 2.1% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 2,282,454 shares of the company’s stock valued at $12,553,000 after acquiring an additional 46,141 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Five Point by 10.3% in the 1st quarter. Wellington Management Group LLP now owns 1,030,817 shares of the company’s stock valued at $5,505,000 after acquiring an additional 96,300 shares during the period. ACR Alpine Capital Research LLC increased its holdings in shares of Five Point by 3.4% in the 1st quarter. ACR Alpine Capital Research LLC now owns 998,198 shares of the company’s stock valued at $5,330,000 after acquiring an additional 32,540 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Five Point by 26.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 947,949 shares of the company’s stock worth $3,583,000 after acquiring an additional 198,103 shares in the last quarter. 38.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Five Point from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

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.