Five Point (FPH) Announces Quarterly Earnings Results, Meets Estimates

Five Point (NYSE:FPH) announced its earnings results on Wednesday. The company reported ($0.03) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03), Morningstar.com reports. Five Point had a negative return on equity of 1.62% and a net margin of 118.34%. The business had revenue of $7.95 million during the quarter.

FPH stock traded down $0.22 during trading hours on Thursday, hitting $7.49. 83,707 shares of the stock traded hands, compared to its average volume of 164,881. Five Point has a one year low of $6.64 and a one year high of $14.99. The stock has a market capitalization of $1.13 billion, a P/E ratio of -12.28 and a beta of 0.99.

Large investors have recently added to or reduced their stakes in the stock. First Manhattan Co. acquired a new position in shares of Five Point in the 4th quarter valued at $69,000. Tower Research Capital LLC TRC bought a new position in Five Point in the 3rd quarter worth approximately $100,000. Northern Trust Corp increased its position in Five Point by 17.7% in the 4th quarter. Northern Trust Corp now owns 14,967 shares of the company’s stock worth $104,000 after buying an additional 2,256 shares during the period. Levin Capital Strategies L.P. bought a new position in Five Point in the 4th quarter worth approximately $111,000. Finally, US Bancorp DE bought a new position in Five Point in the 3rd quarter worth approximately $116,000. Institutional investors and hedge funds own 35.32% of the company’s stock.



FPH has been the subject of several research reports. Zacks Investment Research raised Five Point from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Friday, November 16th. Citigroup reaffirmed a “hold” rating and set a $9.00 target price on shares of Five Point in a research note on Wednesday, November 14th.

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About Five Point

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers. The company was formerly known as Newhall Holding Company, LLC and changed its name to Five Point Holdings, LLC in May 2016.

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Earnings History for Five Point (NYSE:FPH)

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