Five Point Holdings, LLC’s Lock-Up Period Set To End Tomorrow (NYSE:FPH)

Five Point Holdings’ (NYSE:FPH) lock-up period will end on Monday, November 6th. Five Point Holdings had issued 21,000,000 shares in its IPO on May 10th. The total size of the offering was $294,000,000 based on an initial share price of $14.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

COPYRIGHT VIOLATION NOTICE: “Five Point Holdings, LLC’s Lock-Up Period Set To End Tomorrow (NYSE:FPH)” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.com-unik.info/2017/11/05/five-point-holdings-llcs-lock-up-period-set-to-end-tomorrow-nysefph.html.

Shares of Five Point Holdings (NYSE:FPH) opened at $12.63 on Friday. Five Point Holdings has a 1 year low of $12.00 and a 1 year high of $16.74.

Several hedge funds have recently added to or reduced their stakes in FPH. OZ Management LP purchased a new stake in shares of Five Point Holdings during the second quarter valued at about $72,611,000. FMR LLC purchased a new position in shares of Five Point Holdings in the 2nd quarter valued at approximately $67,099,000. Marathon Asset Management LP purchased a new position in shares of Five Point Holdings in the 2nd quarter valued at approximately $63,547,000. Neuberger Berman Group LLC purchased a new position in shares of Five Point Holdings in the 2nd quarter valued at approximately $52,366,000. Finally, Third Avenue Management LLC purchased a new position in shares of Five Point Holdings in the 2nd quarter valued at approximately $36,408,000. 33.63% of the stock is owned by institutional investors and hedge funds.

About Five Point Holdings

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.

What are top analysts saying about Five Point Holdings LLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Five Point Holdings LLC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit