Five Point (NYSE:FPH) Shares Gap Down – Time to Sell?

Five Point Holdings, LLC (NYSE:FPH)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $6.22, but opened at $6.06. Five Point shares last traded at $6.07, with a volume of 193,711 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zelman & Associates upgraded shares of Five Point from a “neutral” rating to an “outperform” rating in a report on Monday.

Five Point Trading Down 5.4 %

The firm’s fifty day moving average price is $3.92 and its 200 day moving average price is $3.65. The stock has a market capitalization of $872.69 million, a price-to-earnings ratio of 8.39 and a beta of 1.46.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Private Management Group Inc. grew its position in shares of Five Point by 9.8% in the 4th quarter. Private Management Group Inc. now owns 5,525,607 shares of the company’s stock valued at $20,887,000 after buying an additional 493,138 shares during the last quarter. O Keefe Stevens Advisory Inc. grew its position in shares of 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 valued at $8,249,000 after buying an additional 163,647 shares during the last quarter. TCW Group Inc. grew its position in shares of Five Point by 3.1% in the 3rd quarter. TCW Group Inc. now owns 1,168,437 shares of the company’s stock valued at $4,849,000 after buying an additional 34,900 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Five Point by 0.4% in the 3rd quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock valued at $3,975,000 after buying an additional 4,281 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Five Point by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock valued at $1,928,000 after buying an additional 77,369 shares during the last quarter. 38.09% of the stock is owned by hedge funds and other institutional investors.

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.