Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Sells $19,600.00 in Stock
Five Point Holdings, LLC (NYSE:FPH - Get Rating) major shareholder Luxor Capital Group, Lp sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 28th. The stock…
Five Point Holdings, LLC (NYSE:FPH - Get Rating) major shareholder Luxor Capital Group, Lp sold 10,000 shares of Five Point stock in a transaction on Wednesday, December 28th. The stock was sold at an average price of $1.96, for a total transaction of $19,600.00. Following the transaction, the insider now directly owns 466,276 shares in the company, valued at $913,900.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Five Point Stock Performance
Five Point stock traded up $0.17 during mid-day trading on Thursday, hitting $2.15. 302,596 shares of the company's stock were exchanged, compared to its average volume of 140,955. The company's 50 day simple moving average is $2.21 and its 200-day simple moving average is $3.07. Five Point Holdings, LLC has a fifty-two week low of $1.88 and a fifty-two week high of $6.90.
Five Point (NYSE:FPH - Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The company reported ($0.07) earnings per share (EPS) for the quarter. Five Point had a positive return on equity of 0.82% and a negative net margin of 2.02%. The business had revenue of $15.42 million during the quarter.
Institutional Trading of Five Point
A number of large investors have recently bought and sold shares of FPH. The Manufacturers Life Insurance Company boosted its holdings in shares of Five Point by 0.5% in the first quarter. The Manufacturers Life Insurance Company now owns 4,937,392 shares of the company's stock valued at $30,167,000 after buying an additional 26,671 shares during the period. Private Management Group Inc. boosted its stake in Five Point by 46.6% in the 3rd quarter. Private Management Group Inc. now owns 3,910,714 shares of the company's stock worth $10,168,000 after purchasing an additional 1,242,834 shares during the period. O Keefe Stevens Advisory Inc. boosted its stake in Five Point by 5.1% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 1,286,343 shares of the company's stock worth $3,344,000 after purchasing an additional 62,045 shares during the period. Neuberger Berman Group LLC increased its holdings in Five Point by 21.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 860,161 shares of the company's stock worth $2,237,000 after purchasing an additional 149,820 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Five Point by 25.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 589,837 shares of the company's stock valued at $3,604,000 after purchasing an additional 117,810 shares during the period. 30.70% of the stock is owned by institutional investors.
About Five Point
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, medical campus, and other properties; and provides development and property management services.
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