Long Pond Capital LP Sells 1,159,875 Shares of Five Point Holdings, LLC (NYSE:FPH)

Long Pond Capital LP cut its holdings in shares of Five Point Holdings, LLC (NYSE:FPH) by 18.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,126,905 shares of the company’s stock after selling 1,159,875 shares during the quarter. Five Point accounts for 1.3% of Long Pond Capital LP’s holdings, making the stock its 25th largest position. Long Pond Capital LP’s holdings in Five Point were worth $38,759,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Five Point by 39.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 276,250 shares of the company’s stock worth $2,089,000 after buying an additional 78,584 shares in the last quarter. Delta Investment Management LLC boosted its stake in Five Point by 4.4% during the 1st quarter. Delta Investment Management LLC now owns 190,237 shares of the company’s stock valued at $1,438,000 after purchasing an additional 8,087 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Five Point by 47.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 68,215 shares of the company’s stock valued at $516,000 after buying an additional 22,002 shares during the last quarter. Credit Suisse AG boosted its holdings in shares of Five Point by 50.6% in the 1st quarter. Credit Suisse AG now owns 41,975 shares of the company’s stock worth $318,000 after buying an additional 14,102 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Five Point by 37.2% in the first quarter. Renaissance Technologies LLC now owns 322,900 shares of the company’s stock valued at $2,441,000 after purchasing an additional 87,600 shares during the period. 37.38% of the stock is owned by hedge funds and other institutional investors.

In other Five Point news, major shareholder Luxor Capital Group, Lp bought 116,305 shares of the firm’s stock in a transaction dated Monday, March 22nd. The shares were purchased at an average cost of $8.21 per share, for a total transaction of $954,864.05. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.51% of the company’s stock.

NYSE:FPH traded up $0.07 during trading hours on Friday, hitting $8.08. 575 shares of the company’s stock traded hands, compared to its average volume of 120,636. The company has a fifty day moving average of $7.45. Five Point Holdings, LLC has a 52 week low of $4.00 and a 52 week high of $8.73. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 36.41 and a beta of 1.41.

Five Point (NYSE:FPH) last announced its quarterly earnings data on Monday, May 10th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.10). Five Point had a net margin of 9.26% and a return on equity of 0.78%. Analysts anticipate that Five Point Holdings, LLC will post 0.66 EPS for the current year.

Five Point Company Profile

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, designs 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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Institutional Ownership by Quarter for Five Point (NYSE:FPH)

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