Five Point (NYSE:FPH) Shares Gap Up to $7.52

Five Point Holdings, LLC (NYSE:FPH)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $7.52, but opened at $7.76. Five Point shares last traded at $7.76, with a volume of 871 shares traded.

The company’s 50 day simple moving average is $7.97 and its 200 day simple moving average is $7.83. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 84.44 and a beta of 1.37.

Five Point (NYSE:FPH) last issued its earnings results on Thursday, August 5th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $8.30 million for the quarter. Five Point had a return on equity of 0.30% and a net margin of 4.01%.

Several hedge funds have recently modified their holdings of the stock. O Keefe Stevens Advisory Inc. grew its stake in shares of Five Point by 1.4% during the third quarter. O Keefe Stevens Advisory Inc. now owns 1,105,515 shares of the company’s stock worth $8,656,000 after purchasing an additional 15,361 shares in the last quarter. Morgan Stanley grew its stake in shares of Five Point by 17.4% during the second quarter. Morgan Stanley now owns 537,231 shares of the company’s stock worth $4,341,000 after purchasing an additional 79,594 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Five Point by 16.4% during the second quarter. Wells Fargo & Company MN now owns 14,419 shares of the company’s stock worth $116,000 after purchasing an additional 2,031 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Five Point by 5.7% during the second quarter. UBS Asset Management Americas Inc. now owns 72,095 shares of the company’s stock worth $583,000 after purchasing an additional 3,880 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Five Point by 14.0% during the second quarter. State Street Corp now owns 81,047 shares of the company’s stock worth $655,000 after purchasing an additional 9,969 shares in the last quarter. Hedge funds and other institutional investors own 37.51% of the company’s stock.

Five Point Company Profile (NYSE:FPH)

Five Point Holdings LLC engages in the development and design of mixed-use, master-planned communities that combine residential, commercial, retail, educational, and recreational elements with public amenities. It operates through the following segments: Valencia, San Francisco, Great Park, and Commercial.

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