Swiss National Bank Lowers Stock Position in Five Point Holdings LLC (NYSE:FPH)

Swiss National Bank cut its holdings in shares of Five Point Holdings LLC (NYSE:FPH) by 14.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,800 shares of the company’s stock after selling 16,300 shares during the period. Swiss National Bank owned 0.06% of Five Point worth $698,000 at the end of the most recent reporting period.

Separately, O Keefe Stevens Advisory Inc. grew its position in shares of Five Point by 5.7% during the second quarter. O Keefe Stevens Advisory Inc. now owns 711,690 shares of the company’s stock worth $5,352,000 after acquiring an additional 38,670 shares during the last quarter. Institutional investors own 33.76% of the company’s stock.

Shares of FPH traded up $0.08 during mid-day trading on Friday, reaching $7.66. 4,410 shares of the company’s stock were exchanged, compared to its average volume of 132,228. The stock has a market capitalization of $1.12 billion, a PE ratio of -21.27 and a beta of 1.03. The business’s fifty day simple moving average is $7.13 and its 200-day simple moving average is $7.64. Five Point Holdings LLC has a 52-week low of $6.44 and a 52-week high of $10.31.

Five Point (NYSE:FPH) last announced its earnings results on Thursday, August 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.10). Five Point had a negative return on equity of 2.64% and a negative net margin of 23.77%. The business had revenue of $12.39 million for the quarter, compared to analysts’ expectations of $12.68 million. As a group, equities analysts forecast that Five Point Holdings LLC will post -0.04 EPS for the current year.

A number of equities analysts have recently issued reports on the stock. Evercore ISI restated a “buy” rating on shares of Five Point in a research report on Tuesday, August 13th. Zacks Investment Research lowered shares of Five Point from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $9.35.

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. 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.

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

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