Standard Life Aberdeen plc bought a new position in shares of Five Point Holdings LLC (NYSE:FPH) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 240,000 shares of the company’s stock, valued at approximately $2,701,000. Standard Life Aberdeen plc owned 0.16% of Five Point as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Northern Trust Corp bought a new stake in Five Point during the first quarter worth approximately $179,000. GSA Capital Partners LLP acquired a new position in shares of Five Point during the second quarter worth approximately $190,000. Cubist Systematic Strategies LLC acquired a new position in shares of Five Point during the first quarter worth approximately $236,000. Bamco Inc. NY acquired a new position in shares of Five Point during the first quarter worth approximately $329,000. Finally, Symphony Asset Management LLC acquired a new position in shares of Five Point during the first quarter worth approximately $414,000. 37.87% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on FPH shares. Zacks Investment Research lowered Five Point from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. Citigroup upped their price target on Five Point to $14.00 and gave the stock a “hold” rating in a report on Monday, July 23rd. Finally, Royal Bank of Canada cut their price target on Five Point to $13.00 and set an “outperform” rating for the company in a report on Wednesday, June 27th. They noted that the move was a valuation call.
Shares of FPH stock opened at $10.40 on Friday. Five Point Holdings LLC has a 12 month low of $10.25 and a 12 month high of $15.04.
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. 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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