Robotti Robert Invests $36.70 Million in Five Point Holdings, LLC $FPH

Robotti Robert bought a new position in shares of Five Point Holdings, LLC (NYSE:FPH) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,964,320 shares of the company’s stock, valued at approximately $36,702,000. Five Point comprises approximately 5.9% of Robotti Robert’s holdings, making the stock its 3rd largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Five Point by 66.3% in the first quarter. Royal Bank of Canada now owns 89,847 shares of the company’s stock valued at $481,000 after acquiring an additional 35,818 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Five Point by 14.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company’s stock worth $323,000 after purchasing an additional 7,544 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Five Point by 39.3% during the 2nd quarter. American Century Companies Inc. now owns 129,904 shares of the company’s stock worth $714,000 after purchasing an additional 36,659 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Five Point in the 2nd quarter valued at about $128,000. Finally, Jump Financial LLC raised its holdings in shares of Five Point by 61.3% in the 2nd quarter. Jump Financial LLC now owns 44,200 shares of the company’s stock valued at $243,000 after purchasing an additional 16,800 shares during the period. 38.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Five Point in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Five Point Trading Down 0.4%

FPH opened at $5.10 on Wednesday. The stock’s fifty day simple moving average is $5.18 and its 200 day simple moving average is $5.13. Five Point Holdings, LLC has a 1-year low of $4.60 and a 1-year high of $6.64. The stock has a market cap of $754.19 million, a PE ratio of 7.18 and a beta of 1.32.

Five Point (NYSE:FPH) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.19. Five Point had a net margin of 45.35% and a return on equity of 2.29%. The firm had revenue of $13.90 million during the quarter, compared to analysts’ expectations of $8.61 million.

Five Point Profile

Five Point Holdings, L.P. (NYSE:FPH) is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.