Insider Selling: Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Sells 21,794 Shares of Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 21,794 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $3.03, for a total transaction of $66,035.82. Following the completion of the transaction, the insider now directly owns 56,485 shares of the company’s stock, valued at $171,149.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 stock was sold at an average price of $3.07, for a total transaction of $133,572.63.
• On Wednesday, April 17th, Luxor Capital Group, Lp sold 700 shares of Five Point stock. The stock was sold at an average price of $3.10, for a total transaction of $2,170.00.
• On Monday, April 15th, Luxor Capital Group, Lp sold 725 shares of Five Point stock. The stock was 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 stock was sold at an average price of $3.19, for a total transaction 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 transaction 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 transaction of $4,003.20.
• On Tuesday, March 26th, Luxor Capital Group, Lp sold 7,732 shares of Five Point stock. The stock was sold at an average price of $3.19, for a total transaction of $24,665.08.

Five Point Stock Performance

Shares of NYSE:FPH opened at $2.92 on Friday. Five Point Holdings, LLC has a 52 week low of $2.13 and a 52 week high of $3.74. The company has a market capitalization of $433.01 million, a PE ratio of 3.44 and a beta of 1.43. The company has a 50 day moving average price of $3.12 and a two-hundred day moving average price of $2.91.

Institutional Investors Weigh In On Five Point

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Five Point by 1.7% in the third quarter. Wellington Management Group LLP now owns 1,184,583 shares of the company’s stock valued at $3,518,000 after purchasing an additional 19,262 shares in the last quarter. LexAurum Advisors LLC increased its stake in Five Point by 386.1% in the fourth quarter. LexAurum Advisors LLC now owns 102,561 shares of the company’s stock valued at $315,000 after purchasing an additional 81,461 shares in the last quarter. Raymond James & Associates increased its stake in Five Point by 6.7% in the third quarter. Raymond James & Associates now owns 285,914 shares of the company’s stock valued at $849,000 after purchasing an additional 17,833 shares in the last quarter. Bfsg LLC bought a new stake in shares of Five Point during the third quarter worth $116,000. Finally, O Keefe Stevens Advisory Inc. increased its position in shares of Five Point by 1.6% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 1,548,559 shares of the company’s stock worth $4,754,000 after acquiring an additional 24,387 shares in the last quarter. Institutional investors own 38.09% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.