Zacks Investment Research lowered shares of Five Point (NYSE:FPH) from a buy rating to a hold rating in a research report report published on Thursday morning.

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. “

Separately, Citigroup reiterated a hold rating and set a $9.00 target price on shares of Five Point in a research report on Wednesday, November 14th.

NYSE:FPH opened at $7.42 on Thursday. Five Point has a twelve month low of $6.64 and a twelve month high of $14.99. The firm has a market cap of $1.08 billion, a PE ratio of -12.16 and a beta of 0.99.

Five Point (NYSE:FPH) last released its earnings results on Wednesday, March 13th. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). Five Point had a negative return on equity of 1.62% and a net margin of 118.34%. The business had revenue of $7.95 million during the quarter. On average, equities research analysts predict that Five Point will post -0.21 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. First Manhattan Co. bought a new stake in shares of Five Point in the fourth quarter valued at about $69,000. Tower Research Capital LLC TRC bought a new stake in shares of Five Point in the third quarter valued at about $100,000. Northern Trust Corp raised its holdings in shares of Five Point by 17.7% in 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. Levin Capital Strategies L.P. bought a new stake in shares of Five Point in the fourth quarter valued at about $111,000. Finally, US Bancorp DE bought a new stake in shares of Five Point in the third quarter valued at about $116,000. Hedge funds and other institutional investors own 35.32% of the company’s stock.

About Five Point

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers. The company was formerly known as Newhall Holding Company, LLC and changed its name to Five Point Holdings, LLC in May 2016.

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