Five Point (NYSE:FPH) Reaches New 1-Year High – Time to Buy?

Five Point Holdings, LLC (NYSE:FPH) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.70 and last traded at $5.15, with a volume of 55969 shares changing hands. The stock had previously closed at $4.06.

Five Point Price Performance

The stock has a market cap of $800.32 million, a price-to-earnings ratio of 7.65 and a beta of 1.46. The company’s fifty day moving average price is $3.83 and its 200-day moving average price is $3.60.

Five Point (NYSE:FPH) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.65 earnings per share (EPS) for the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%.

Hedge Funds Weigh In On Five Point

Several hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Five Point in the 4th quarter worth approximately $80,000. O Keefe Stevens Advisory Inc. increased its holdings in Five Point by 8.1% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company’s stock worth $8,249,000 after buying an additional 163,647 shares during the period. Virtu Financial LLC acquired a new position in Five Point in the 3rd quarter worth approximately $105,000. TCW Group Inc. increased its holdings in Five Point by 3.1% in the 3rd quarter. TCW Group Inc. now owns 1,168,437 shares of the company’s stock worth $4,849,000 after buying an additional 34,900 shares during the period. Finally, XTX Topco Ltd acquired a new position in Five Point in the 3rd quarter worth approximately $70,000. Institutional investors and hedge funds own 38.09% of the company’s stock.

About Five Point

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.