Insider Selling: Five Point Holdings, LLC (NYSE:FPH) Major Shareholder Sells 99,730 Shares of Stock

Five Point Holdings, LLC (NYSE:FPH) major shareholder Luxor Capital Group, Lp sold 99,730 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $3.09, for a total transaction of $308,165.70. Following the completion of the transaction, the insider now directly owns 55,792 shares of the company’s stock, valued at approximately $172,397.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

• On Friday, May 3rd, Luxor Capital Group, Lp sold 3,400 shares of Five Point stock. The shares were sold at an average price of $3.05, for a total transaction of $10,370.00.
• On Wednesday, April 24th, Luxor Capital Group, Lp sold 11,796 shares of Five Point stock. The shares were sold at an average price of $2.99, for a total transaction of $35,270.04.
• On Friday, April 19th, Luxor Capital Group, Lp sold 43,509 shares of Five Point stock. The shares were sold at an average price of $3.07, for a total transaction of $133,572.63.
• On Monday, April 22nd, Luxor Capital Group, Lp sold 21,794 shares of Five Point stock. The shares were sold at an average price of $3.03, for a total transaction of $66,035.82.
• On Wednesday, April 17th, Luxor Capital Group, Lp sold 700 shares of Five Point stock. The shares were 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 shares were 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 shares were 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 shares were 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.

Five Point Stock Down 1.1 %

NYSE:FPH traded down $0.03 during trading hours on Tuesday, reaching $3.12. The company had a trading volume of 50,936 shares, compared to its average volume of 92,206. The firm has a market cap of $461.92 million, a price-to-earnings ratio of 3.68 and a beta of 1.41. The business’s 50-day simple moving average is $3.08 and its two-hundred day simple moving average is $2.93. Five Point Holdings, LLC has a twelve month low of $2.13 and a twelve month high of $3.74.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Five Point

Large investors have recently bought and sold shares of the stock. Aristeia Capital LLC acquired a new stake in Five Point in the third quarter worth $54,000. WINTON GROUP Ltd acquired a new stake in Five Point in the third quarter worth $80,000. LexAurum Advisors LLC grew its holdings in shares of Five Point by 386.1% during the fourth quarter. LexAurum Advisors LLC now owns 102,561 shares of the company’s stock valued at $315,000 after buying an additional 81,461 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Five Point by 6.7% during the third quarter. Raymond James & Associates now owns 285,914 shares of the company’s stock valued at $849,000 after buying an additional 17,833 shares during the last quarter. Finally, Park West Asset Management LLC grew its holdings in shares of Five Point by 75.0% during the fourth quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock valued at $1,074,000 after buying an additional 150,000 shares during the last quarter. 38.09% of the stock is currently owned by institutional investors and hedge funds.

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.