Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Luxor Capital Group, Lp Sells 43,509 Shares

Posted by Matthew Steigler on Apr 24th, 2024

Five Point Holdings, LLC (NYSE:FPH – Get Free Report) major shareholder Luxor Capital Group, Lp sold 43,509 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $3.07, for a total value of $133,572.63. Following the completion of the sale, the insider now directly owns 56,603 shares of the company’s stock, valued at $173,771.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

On Monday, April 22nd, Luxor Capital Group, Lp sold 21,794 shares of Five Point stock. The stock was sold at an average price of $3.03, for a total value of $66,035.82.
On Wednesday, April 17th, Luxor Capital Group, Lp sold 700 shares of Five Point stock. The stock was sold at an average price of $3.10, for a total value of $2,170.00.
On Monday, April 15th, Luxor Capital Group, Lp sold 725 shares of Five Point stock. The stock was sold at an average price of $3.17, for a total value of $2,298.25.
On Friday, April 12th, Luxor Capital Group, Lp sold 546 shares of Five Point stock. The shares were sold at an average price of $3.11, for a total value of $1,698.06.
On Wednesday, April 10th, Luxor Capital Group, Lp sold 23,881 shares of Five Point stock. The shares were sold at an average price of $3.07, for a total value of $73,314.67.
On Monday, April 8th, Luxor Capital Group, Lp sold 3,971 shares of Five Point stock. The shares were sold at an average price of $3.19, for a total value of $12,667.49.
On Monday, April 1st, Luxor Capital Group, Lp sold 4,163 shares of Five Point stock. The shares were sold at an average price of $3.15, for a total value of $13,113.45.
On Thursday, March 28th, Luxor Capital Group, Lp sold 1,251 shares of Five Point stock. The shares were sold at an average price of $3.20, for a total value of $4,003.20.
On Tuesday, March 26th, Luxor Capital Group, Lp sold 7,732 shares of Five Point stock. The shares were sold at an average price of $3.19, for a total value of $24,665.08.

Five Point Price Performance

Five Point stock opened at $3.00 on Wednesday. Five Point Holdings, LLC has a 52 week low of $2.13 and a 52 week high of $3.74. The business has a 50-day simple moving average of $3.12 and a 200 day simple moving average of $2.91. The stock has a market cap of $444.87 million, a price-to-earnings ratio of 3.53 and a beta of 1.43.

Hedge Funds Weigh In On Five Point

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in Five Point by 1.7% during the third quarter. Wellington Management Group LLP now owns 1,184,583 shares of the company’s stock worth $3,518,000 after buying an additional 19,262 shares in the last quarter. LexAurum Advisors LLC grew its position in Five Point by 386.1% during the fourth quarter. LexAurum Advisors LLC now owns 102,561 shares of the company’s stock worth $315,000 after buying an additional 81,461 shares in the last quarter. Raymond James & Associates grew its position in Five Point by 6.7% during the third quarter. Raymond James & Associates now owns 285,914 shares of the company’s stock worth $849,000 after buying an additional 17,833 shares in the last quarter. Bfsg LLC purchased a new position in Five Point during the third quarter worth about $116,000. Finally, O Keefe Stevens Advisory Inc. grew its position in Five Point by 1.6% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 1,548,559 shares of the company’s stock worth $4,754,000 after buying an additional 24,387 shares in the last quarter. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, TheStreet upgraded Five Point from a “d” rating to a “c-” rating in a research report on Friday, January 19th.

Check Out Our Latest Research Report on Five Point

Five Point Company Profile

(Get Free Report)

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.