Five Point Holdings, LLC (NYSE:FPH) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in Five Point Holdings, LLC (NYSE:FPH) by 21.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,364 shares of the company’s stock after purchasing an additional 3,052 shares during the period. Envestnet Asset Management Inc.’s holdings in Five Point were worth $66,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. O Keefe Stevens Advisory Inc. increased its holdings 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 worth $8,249,000 after acquiring an additional 163,647 shares during the period. Jane Street Group LLC acquired a new stake in shares of Five Point in the third quarter valued at approximately $76,000. SG Americas Securities LLC acquired a new position in shares of Five Point during the fourth quarter worth approximately $80,000. Wells Fargo & Company MN grew its holdings in Five Point by 16.5% in the 4th quarter. Wells Fargo & Company MN now owns 354,240 shares of the company’s stock worth $1,339,000 after buying an additional 50,077 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Five Point in the 4th quarter valued at approximately $1,274,000. 38.09% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Kim Tobler sold 18,496 shares of the firm’s stock in a transaction that occurred on Saturday, March 8th. The shares were sold at an average price of $5.78, for a total transaction of $106,906.88. Following the completion of the sale, the insider now directly owns 17,927 shares in the company, valued at approximately $103,618.06. This trade represents a 50.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 21.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Zelman & Associates upgraded Five Point from a “neutral” rating to an “outperform” rating in a research report on Monday, January 27th.

Five Point Stock Down 1.3 %

Shares of FPH opened at $5.38 on Friday. The firm has a market capitalization of $800.07 million, a PE ratio of 5.60 and a beta of 1.51. The firm has a 50-day moving average price of $5.25 and a 200 day moving average price of $4.71. Five Point Holdings, LLC has a 52-week low of $2.88 and a 52-week high of $6.71.

Five Point (NYSE:FPH) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $13.16 million during the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%.

Five Point 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.