Geode Capital Management LLC Has $347,000 Holdings in Five Point Holdings LLC (FPH)

Geode Capital Management LLC boosted its stake in Five Point Holdings LLC (NYSE:FPH) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Geode Capital Management LLC’s holdings in Five Point were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Five Point by 34.4% during the 3rd quarter. BlackRock Inc. now owns 39,471 shares of the company’s stock worth $371,000 after buying an additional 10,106 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Five Point during the 3rd quarter worth $401,000. Vanguard Group Inc. raised its stake in Five Point by 23.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,429,388 shares of the company’s stock valued at $32,270,000 after purchasing an additional 642,041 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Five Point during the 3rd quarter valued at $120,000. Finally, Vanguard Group Inc raised its stake in Five Point by 23.0% during the 3rd quarter. Vanguard Group Inc now owns 3,429,388 shares of the company’s stock valued at $32,270,000 after purchasing an additional 642,041 shares during the last quarter. Institutional investors and hedge funds own 34.75% of the company’s stock.

In related news, major shareholder Anchorage Capital Group, L.L.C sold 3,200,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $7.95, for a total transaction of $25,440,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.



Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Five Point from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Royal Bank of Canada set a $10.00 target price on shares of Five Point and gave the company a “buy” rating in a research note on Tuesday, March 19th. JMP Securities cut their target price on shares of Five Point from $19.00 to $12.00 and set a “market outperform” rating for the company in a research note on Monday, April 8th. Deutsche Bank cut their target price on shares of Five Point from $15.00 to $8.00 and set a “hold” rating for the company in a research note on Monday, March 18th. Finally, TheStreet upgraded shares of Five Point from a “d+” rating to a “c-” rating in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.50.

NYSE:FPH opened at $8.46 on Wednesday. The firm has a market cap of $1.33 billion, a P/E ratio of -23.50 and a beta of 1.15. Five Point Holdings LLC has a one year low of $6.64 and a one year high of $13.02.

Five Point (NYSE:FPH) last released its earnings results on Wednesday, March 13th. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). The firm had revenue of $7.95 million during the quarter. Five Point had a negative net margin of 12.05% and a negative return on equity of 2.35%. Equities analysts predict that Five Point Holdings LLC will post -0.11 earnings per share for the current year.

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Five Point Profile

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. The company operates through four segments: Newhall, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates properties; and provides development management services.

Further Reading: Why Invest in Dividend Achievers?

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Institutional Ownership by Quarter for Five Point (NYSE:FPH)

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