Five Point (NYSE:FPH) Stock Price Up 14.1%

Five Point Holdings, LLC (NYSE:FPH – Get Rating) rose 14.1% during trading on Friday . The stock traded as high as $2.87 and last traded at $2.75. Approximately 334,714 shares changed hands during mid-day trading, an increase of 232% from the average daily volume of 100,681 shares. The stock had previously closed at $2.41.

Five Point Trading Up 14.1 %

The firm has a market cap of $407.83 million, a PE ratio of -39.29 and a beta of 1.24. The stock has a fifty day simple moving average of $2.21 and a two-hundred day simple moving average of $2.88.

Five Point (NYSE:FPH – Get Rating) last posted its earnings results on Thursday, October 27th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $15.42 million during the quarter. Five Point had a positive return on equity of 0.82% and a negative net margin of 2.02%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of Five Point during the 3rd quarter valued at about $30,000. Lazard Asset Management LLC purchased a new position in shares of Five Point during the first quarter worth approximately $37,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Five Point in the 1st quarter worth approximately $62,000. First Manhattan Co. lifted its holdings in shares of Five Point by 36.4% in the 3rd quarter. First Manhattan Co. now owns 37,500 shares of the company’s stock worth $97,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Five Point by 813.9% in the 1st quarter. Royal Bank of Canada now owns 17,730 shares of the company’s stock valued at $108,000 after purchasing an additional 15,790 shares in the last quarter. 30.70% of the stock is currently owned by institutional investors.

About Five Point

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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, medical campus, and other properties; and provides development and property management services.