Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Luxor Capital Group, Lp Sells 11,796 Shares of Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 11,796 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $2.99, for a total value of $35,270.04. Following the sale, the insider now directly owns 56,353 shares in the company, valued at approximately $168,495.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, April 19th, Luxor Capital Group, Lp sold 43,509 shares of Five Point stock. The shares were sold at an average price of $3.07, for a total value of $133,572.63.
• 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 shares were 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 shares were sold at an average price of $3.17, for a total transaction of $2,298.25.
• On Friday, April 12th, Luxor Capital Group, Lp sold 546 shares of Five Point stock. The stock was sold at an average price of $3.11, for a total transaction of $1,698.06.
• On Wednesday, April 10th, Luxor Capital Group, Lp sold 23,881 shares of Five Point stock. The stock was sold at an average price of $3.07, for a total transaction 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 stock was 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 stock was 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 transaction of $24,665.08.

Five Point Price Performance

Shares of NYSE FPH opened at $2.89 on Friday. The business has a fifty day moving average price of $3.11 and a two-hundred day moving average price of $2.91. The stock has a market capitalization of $428.56 million, a PE ratio of 3.40 and a beta of 1.43. Five Point Holdings, LLC has a fifty-two week low of $2.13 and a fifty-two week high of $3.74.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FPH. O Keefe Stevens Advisory Inc. increased its holdings in Five Point by 1.9% in the 1st quarter. O Keefe Stevens Advisory Inc. now owns 1,577,400 shares of the company’s stock valued at $4,937,000 after buying an additional 28,841 shares during the period. Wellington Management Group LLP boosted its position in shares of Five Point by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,184,583 shares of the company’s stock worth $3,518,000 after acquiring an additional 19,262 shares in the last quarter. TCW Group Inc. increased its stake in Five Point by 17.2% in the fourth quarter. TCW Group Inc. now owns 826,037 shares of the company’s stock valued at $2,536,000 after acquiring an additional 121,337 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in Five Point by 15.0% during the fourth quarter. ACR Alpine Capital Research LLC now owns 694,225 shares of the company’s stock valued at $2,131,000 after purchasing an additional 90,342 shares in the last quarter. Finally, Park West Asset Management LLC lifted its stake in Five Point by 75.0% during the fourth quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock worth $1,074,000 after purchasing an additional 150,000 shares during the last quarter. Institutional investors and hedge funds 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.