Sam Levinson Acquires 3,283,024 Shares of Five Point Holdings, LLC (NYSE:FPH) Stock

Five Point Holdings, LLC (NYSE:FPH) Director Sam Levinson acquired 3,283,024 shares of Five Point stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average price of $3.15 per share, with a total value of $10,341,525.60. Following the purchase, the director now owns 6,219,241 shares of the company’s stock, valued at $19,590,609.15. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Five Point Price Performance

Shares of Five Point stock opened at $4.05 on Friday. The firm’s fifty day simple moving average is $3.60 and its 200-day simple moving average is $3.26. Five Point Holdings, LLC has a 12 month low of $2.13 and a 12 month high of $4.39. The stock has a market capitalization of $599.83 million, a price-to-earnings ratio of 4.76 and a beta of 1.46.

Five Point (NYSE:FPH) last announced its earnings results on Thursday, October 17th. The company reported $0.07 EPS for the quarter. Five Point had a net margin of 21.73% and a return on equity of 2.70%. The business had revenue of $17.01 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Private Management Group Inc. lifted its holdings in shares of Five Point by 2.5% during the second quarter. Private Management Group Inc. now owns 5,023,874 shares of the company’s stock worth $14,720,000 after purchasing an additional 124,806 shares during the period. O Keefe Stevens Advisory Inc. raised its position in Five Point by 18.4% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 2,018,525 shares of the company’s stock worth $8,377,000 after buying an additional 313,110 shares during the last quarter. TCW Group Inc. lifted its stake in shares of Five Point by 0.4% in the 2nd quarter. TCW Group Inc. now owns 1,133,537 shares of the company’s stock worth $3,321,000 after acquiring an additional 5,000 shares during the period. ACR Alpine Capital Research LLC boosted its holdings in shares of Five Point by 16.2% in the second quarter. ACR Alpine Capital Research LLC now owns 962,595 shares of the company’s stock valued at $2,820,000 after acquiring an additional 134,472 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Five Point by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after acquiring an additional 77,369 shares during the period. 38.09% of the stock is currently owned by hedge funds and other institutional investors.

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.