Five Point Holdings LLC (NYSE:FPH) Given Average Rating of “Hold” by Brokerages

Five Point Holdings LLC (NYSE:FPH) has earned a consensus rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $9.75.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Five Point from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. TheStreet upgraded shares of Five Point from a “d+” rating to a “c-” rating in a research report on Wednesday, May 8th. JMP Securities reduced their price target on shares of Five Point from $19.00 to $12.00 and set a “market outperform” rating on the stock in a research report on Monday, April 8th. Royal Bank of Canada set a $10.00 price target on shares of Five Point and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Deutsche Bank reduced their price target on shares of Five Point from $15.00 to $8.00 and set a “hold” rating on the stock in a research report on Monday, March 18th.

In related news, major shareholder Anchorage Capital Group, L.L.C sold 3,200,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $7.95, for a total transaction of $25,440,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.58% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp lifted its position in Five Point by 17.7% during the 4th quarter. Northern Trust Corp now owns 14,967 shares of the company’s stock valued at $104,000 after purchasing an additional 2,256 shares during the period. First Manhattan Co. lifted its position in Five Point by 50.0% during the 1st quarter. First Manhattan Co. now owns 15,000 shares of the company’s stock valued at $108,000 after purchasing an additional 5,000 shares during the period. TD Asset Management Inc. acquired a new position in Five Point during the 1st quarter valued at about $118,000. Cubic Asset Management LLC lifted its position in Five Point by 7.4% during the 1st quarter. Cubic Asset Management LLC now owns 37,060 shares of the company’s stock valued at $267,000 after purchasing an additional 2,550 shares during the period. Finally, Geode Capital Management LLC lifted its position in Five Point by 11.1% during the 4th quarter. Geode Capital Management LLC now owns 50,000 shares of the company’s stock valued at $347,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 33.57% of the company’s stock.

Shares of NYSE FPH opened at $7.52 on Friday. The stock’s 50-day moving average is $7.70. The firm has a market cap of $1.11 billion, a P/E ratio of -20.89 and a beta of 1.11. Five Point has a 12-month low of $6.64 and a 12-month high of $12.39.

Five Point Company Profile

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. The company operates through four segments: Newhall, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates properties; and provides development management services.

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