The Five Point Holdings LLC (FPH) Receives New Coverage from Analysts at JPMorgan Chase & Co.

The Five Point Holdings LLC (FPH) Receives New Coverage from Analysts at JPMorgan Chase & Co.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Co started coverage on Five Point Holdings in a research report on Monday. They issued a “market perform” rating for the company. Citigroup Inc started coverage on Five Point Holdings in a research report on Monday. They issued a “buy” rating for the company. Finally, Royal Bank of Canada started coverage on Five Point Holdings in a research report on Monday. They issued an “outperform” rating and a $19.00 price objective for the company.

Equities researchers at JPMorgan Chase & Co. started coverage on shares of Five Point Holdings LLC (NYSE:FPH) in a report released on Monday, The Fly reports. The firm set a “neutral” rating on the stock.

In other Five Point Holdings news, insider Michael Alvarado acquired 14,000 shares of the stock in a transaction dated Monday, May 15th. The stock was acquired at an average price of $14.00 per share, with a total value of $196,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stuart A. Miller acquired 100,000 shares of the stock in a transaction dated Monday, May 15th. The stock was acquired at an average cost of $14.00 per share, with a total value of $1,400,000.00. Following the transaction, the director now owns 100,000 shares of the company’s stock, valued at $1,400,000. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 1,899,714 shares of company stock valued at $26,595,996. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FPH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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