Five Point (FPH) to Release Earnings on Thursday

Five Point (NYSE:FPH) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 18th.

Five Point (NYSE:FPH) last issued its quarterly earnings results on Thursday, January 18th. The company reported $0.39 earnings per share (EPS) for the quarter. Five Point had a return on equity of 2.89% and a net margin of 26.16%. The firm had revenue of $118.76 million for the quarter.

Five Point Price Performance

NYSE:FPH traded down $0.04 during mid-day trading on Monday, reaching $3.13. The company’s stock had a trading volume of 6,806 shares, compared to its average volume of 87,471. The company’s fifty day simple moving average is $3.15 and its two-hundred day simple moving average is $2.90. The stock has a market cap of $464.15 million, a P/E ratio of 4.17 and a beta of 1.43. Five Point has a twelve month low of $2.13 and a twelve month high of $3.74.

Insider Activity at Five Point

In related news, major shareholder Luxor Capital Group, Lp sold 23,881 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $3.07, for a total transaction of $73,314.67. Following the sale, the insider now directly owns 57,024 shares in the company, valued at approximately $175,063.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 48,554 shares of company stock worth $148,845. 4.28% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five Point

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Toroso Investments LLC acquired a new position in shares of Five Point in the 1st quarter worth approximately $254,000. Renaissance Technologies LLC grew its position in shares of Five Point by 168.8% in the 2nd quarter. Renaissance Technologies LLC now owns 70,700 shares of the company’s stock worth $204,000 after acquiring an additional 44,395 shares in the last quarter. Credit Suisse AG grew its position in shares of Five Point by 14.0% in the 2nd quarter. Credit Suisse AG now owns 49,538 shares of the company’s stock worth $193,000 after acquiring an additional 6,095 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Five Point by 60.0% in the 1st quarter. JPMorgan Chase & Co. now owns 31,405 shares of the company’s stock worth $192,000 after acquiring an additional 11,776 shares in the last quarter. Finally, HRT Financial LP acquired a new position in Five Point during the 4th quarter valued at approximately $143,000. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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, research and development, medical campus, and other properties; and provides development and property management services.