Long Pond Capital LP grew its stake in Five Point Holdings LLC (NYSE:FPH) by 14.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,461,780 shares of the company’s stock after buying an additional 800,000 shares during the period. Five Point accounts for about 1.5% of Long Pond Capital LP’s holdings, making the stock its 17th biggest holding. Long Pond Capital LP owned 4.37% of Five Point worth $48,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FPH. Schroder Investment Management Group increased its stake in shares of Five Point by 54.8% in the second quarter. Schroder Investment Management Group now owns 1,066,873 shares of the company’s stock valued at $8,023,000 after buying an additional 377,697 shares during the period. O Keefe Stevens Advisory Inc. grew its stake in Five Point by 5.7% during the second 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 during the period. TD Asset Management Inc. acquired a new stake in Five Point during the first quarter worth approximately $118,000. Finally, Bank of New York Mellon Corp grew its stake in Five Point by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 208,844 shares of the company’s stock worth $1,570,000 after purchasing an additional 4,834 shares during the period. 33.76% of the stock is owned by institutional investors.

NYSE FPH opened at $7.58 on Friday. The business has a 50 day simple moving average of $7.13 and a 200 day simple moving average of $7.64. Five Point Holdings LLC has a one year low of $6.44 and a one year high of $10.31. The stock has a market capitalization of $1.12 billion, a P/E ratio of -21.06 and a beta of 1.03.

Five Point (NYSE:FPH) last released its 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). Five Point had a negative return on equity of 2.64% and a negative net margin of 23.77%. The business had revenue of $12.39 million for the quarter, compared to analyst estimates of $12.68 million. As a group, sell-side analysts predict that Five Point Holdings LLC will post -0.04 earnings per share for the current year.

Several research firms recently commented on FPH. Zacks Investment Research cut Five Point from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Evercore ISI reaffirmed a “buy” rating on shares of Five Point in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $9.35.

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

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