Five Point (NYSE:FPH) Sees Unusually-High Trading Volume – What’s Next?

Five Point Holdings, LLC (NYSE:FPH) shares saw strong trading volume on Friday . 261,972 shares changed hands during trading, an increase of 53% from the previous session’s volume of 171,354 shares.The stock last traded at $3.60 and had previously closed at $3.72.

Five Point Price Performance

The company’s 50-day moving average is $3.83 and its 200-day moving average is $3.54. The firm has a market capitalization of $541.26 million, a price-to-earnings ratio of 5.21 and a beta of 1.46.

Five Point (NYSE:FPH) last announced its quarterly earnings results on Thursday, October 17th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $17.01 million for the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%.

Insider Transactions at Five Point

In other Five Point news, Director Sam Levinson bought 3,283,024 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were bought at an average cost of $3.15 per share, with a total value of $10,341,525.60. Following the transaction, the director now directly owns 6,219,241 shares in the company, valued at approximately $19,590,609.15. This trade represents a 111.81 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.36% of the company’s stock.

Institutional Trading of Five Point

A number of hedge funds and other institutional investors have recently made changes to their positions in FPH. XTX Topco Ltd acquired a new stake in shares of Five Point during the 3rd quarter worth approximately $70,000. Pure Financial Advisors LLC acquired a new stake in shares of Five Point in the 3rd quarter worth about $73,000. Jane Street Group LLC bought a new stake in Five Point in the 3rd quarter valued at about $76,000. Virtu Financial LLC acquired a new position in Five Point during the 3rd quarter valued at about $105,000. Finally, WINTON GROUP Ltd grew its position in Five Point by 89.3% in the 2nd quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock worth $107,000 after purchasing an additional 17,196 shares during the last quarter. Institutional investors own 38.09% of the company’s stock.

Five Point Company Profile

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.