Swiss National Bank Reduces Stock Position in Five Point Holdings LLC (NYSE:FPH)

Swiss National Bank lessened its stake in shares of Five Point Holdings LLC (NYSE:FPH) by 14.9% in the second quarter, HoldingsChannel reports. The firm owned 92,800 shares of the company’s stock after selling 16,300 shares during the quarter. Swiss National Bank’s holdings in Five Point were worth $698,000 at the end of the most recent reporting period.

Separately, O Keefe Stevens Advisory Inc. increased its position in Five Point by 5.7% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 711,690 shares of the company’s stock worth $5,352,000 after purchasing an additional 38,670 shares in the last quarter. 33.76% of the stock is owned by institutional investors and hedge funds.

Five Point stock traded up $0.08 during midday trading on Friday, reaching $7.66. 4,410 shares of the company were exchanged, compared to its average volume of 132,228. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -21.27 and a beta of 1.03. The firm’s 50-day simple moving average is $7.13 and its 200-day simple moving average is $7.64. Five Point Holdings LLC has a 1 year low of $6.44 and a 1 year high of $10.31.

Five Point (NYSE:FPH) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.10). The business had revenue of $12.39 million during the quarter, compared to analysts’ expectations of $12.68 million. Five Point had a negative net margin of 23.77% and a negative return on equity of 2.64%. On average, sell-side analysts expect that Five Point Holdings LLC will post -0.04 earnings per share for the current fiscal year.

FPH has been the subject of a number of recent research reports. Evercore ISI reiterated a “buy” rating on shares of Five Point in a research report on Tuesday, August 13th. Zacks Investment Research cut Five Point from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Five Point presently has an average rating of “Buy” and a consensus target price of $9.35.

About Five Point

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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Institutional Ownership by Quarter for Five Point (NYSE:FPH)

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