Published on 15 Oct 2024 on Insider Monkey · via Yahoo Finance
O’Keefe Stevens is Incredibly Excited about Five Point Holdings (FPH). Here’s...
O’keefe Stevens Advisory, an investment advisory firm, released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the Q3 letter, O'Keefe Stevens discussed its investment in Graftech (EAF). The firm admits that its investment thesis for the company was wrong and that the near-term viability of the business is in question. Even though this kind of loss is difficult, the firm hopes that the lessons learned will help avoid similar ventures in the future. For more information on the fund’s top picks in 2024, please check its top five holdings.
O’keefe Stevens Advisory highlighted stocks like Five Point Holdings, LLC (NYSE:FPH), in the third quarter 2024 investor letter. Five Point Holdings, LLC (NYSE:FPH) owns and develops mixed-use and planned communities. The one-month return of Five Point Holdings, LLC (NYSE:FPH) was 19.76%, and its shares gained 56.25% of their value over the last 52 weeks. On October 14, 2024, Five Point Holdings, LLC (NYSE:FPH) stock closed at $4.00 per share with a market capitalization of $594.464 million.