Five Point (FPH) to Release Earnings on Thursday

Five Point (NYSE:FPH) is scheduled to announce its earnings results after the market closes on Thursday, April 18th. Individual that wish to register for the company’s earnings conference call can do so using this link.

Five Point (NYSE:FPH) last issued its earnings results on Thursday, January 18th. The company reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $118.76 million for the quarter. Five Point had a net margin of 26.16% and a return on equity of 2.89%.

Five Point Stock Down 2.3 %

FPH stock opened at $3.03 on Wednesday. The company has a market cap of $449.32 million, a P/E ratio of 4.04 and a beta of 1.43. The business’s fifty day moving average is $3.14 and its 200-day moving average is $2.91. Five Point has a twelve month low of $2.13 and a twelve month high of $3.74.

Insiders Place Their Bets

In related news, major shareholder Luxor Capital Group, Lp sold 23,881 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $3.07, for a total value of $73,314.67. Following the sale, the insider now owns 57,024 shares in the company, valued at approximately $175,063.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 42,269 shares of company stock valued at $131,760. 4.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC bought a new position in Five Point during the 1st quarter worth $37,000. Elkhorn Partners Limited Partnership increased its stake in Five Point by 70.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 17,000 shares of the company’s stock worth $40,000 after acquiring an additional 7,000 shares during the period. Renaissance Technologies LLC bought a new position in Five Point during the 1st quarter worth $62,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Five Point during the 1st quarter worth $62,000. Finally, Two Sigma Investments LP bought a new position in Five Point during the 4th quarter worth $76,000. 38.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded Five Point from a “d” rating to a “c-” rating in a report on Friday, January 19th.

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.