Shares of Five Point Holdings LLC (NYSE:FPH) have been given a consensus rating of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $9.75.
A number of brokerages have recently commented on FPH. TheStreet upgraded shares of Five Point from a “d+” rating to a “c-” rating in a report on Wednesday, May 8th. Evercore ISI reissued a “buy” rating on shares of Five Point in a research note on Tuesday, August 13th. Finally, Zacks Investment Research downgraded shares of Five Point from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in Five Point by 118.6% in the fourth quarter. Bank of New York Mellon Corp now owns 193,183 shares of the company’s stock worth $1,341,000 after purchasing an additional 104,823 shares during the last quarter. Cubic Asset Management LLC increased its holdings in shares of Five Point by 7.4% during the first quarter. Cubic Asset Management LLC now owns 37,060 shares of the company’s stock valued at $267,000 after acquiring an additional 2,550 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Five Point by 11.1% during the fourth quarter. Geode Capital Management LLC now owns 50,000 shares of the company’s stock valued at $347,000 after acquiring an additional 5,000 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Five Point by 17.7% during the fourth quarter. Northern Trust Corp now owns 14,967 shares of the company’s stock valued at $104,000 after acquiring an additional 2,256 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. increased its holdings in shares of Five Point by 5.7% during the second quarter. O Keefe Stevens Advisory Inc. now owns 711,690 shares of the company’s stock valued at $5,352,000 after acquiring an additional 38,670 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.
Five Point (NYSE:FPH) last announced its earnings results on Thursday, August 8th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.10). The company had revenue of $12.39 million during the quarter, compared to analyst estimates of $12.68 million. Five Point had a negative return on equity of 2.64% and a negative net margin of 23.77%. On average, equities research analysts predict that Five Point will post -0.04 EPS for the current fiscal year.
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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