Five Point (FPH) Downgraded to “Hold” at Zacks Investment Research

Five Point (NYSE:FPH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Five Point Holdings LLC, designs and develops mixed-use, master-planned communities primarily in coastal California. It offer homes, commercial, retail, educational and recreational elements as well as civic areas, parks and open spaces. The company’s communities consist of Great Park Neighborhoods(R) in Irvine, Newhall Ranch(R) near Valencia and The San Francisco Shipyard/Candlestick Point in the City of San Francisco. Five Point Holdings LLC is headquartered in Aliso Viejo, California. “

Shares of Five Point (NYSE FPH) traded down $0.12 during trading on Tuesday, reaching $13.98. 60,731 shares of the company’s stock traded hands, compared to its average volume of 130,666. Five Point has a 52 week low of $12.00 and a 52 week high of $16.74.

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Five Point in the 2nd quarter valued at about $108,000. Nationwide Fund Advisors bought a new stake in shares of Five Point during the 2nd quarter valued at $130,000. JPMorgan Chase & Co. bought a new stake in shares of Five Point during the 2nd quarter valued at $144,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Five Point during the 3rd quarter valued at $275,000. Finally, Pine River Capital Management L.P. bought a new stake in shares of Five Point during the 2nd quarter valued at $738,000. Institutional investors own 33.49% of the company’s stock.

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Five Point Company Profile

Five Point Holdings, LLC, formerly Newhall Holding Company, LLC, is the owner and developer of mixed-use, planned communities in coastal California. The Company is primarily engaged in the business of planning and developing its three mixed-use, planned communities. It operates in three segments: Newhall, San Francisco and Great Park.

Analyst Recommendations for Five Point (NYSE:FPH)

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