Latest news with #MSCIUSASmall-CapValueIndex
Yahoo
10-05-2025
- Business
- Yahoo
Five Point Holdings, LLC's (FPH) Strong Year-End Sales Enhance Financial Stability for Future Developments
Third Avenue Management, an investment management company based in New York City, released its 'Third Avenue Small-Cap Value Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund returned -4.54% compared to -5.87% % for the MSCI USA Small-Cap Value Index (the 'Index') and -7.74% return for the Russell 2000 Value Index. The Fund has returned +15.46%, annualized, for the trailing five-year period. For more information on the fund's top picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Third Avenue Small-Cap Value Fund highlighted stocks such as Five Point Holdings, LLC (NYSE:FPH). 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 13.05%, and its shares gained 75.49% of their value over the last 52 weeks. On May 8, 2025, Five Point Holdings, LLC (NYSE:FPH) stock closed at $5.21 per share with a market capitalization of $781.996 million. Third Avenue Small-Cap Value Fund stated the following regarding Five Point Holdings, LLC (NYSE:FPH) in its Q1 2025 investor letter: "Homebuilder Five Point Holdings, LLC (NYSE:FPH) ('FivePoint'), appliance manufacturer Hamilton Beach Brands, agricultural conglomerate Seaboard and entertainment company Atlanta Braves Holdings, among others, also made important contributions to performance. In the case of FivePoint, the company's year-end 2024 report was released in January, highlighting a high volume of sales of home sites at its two primary development communities, Valencia and Great Park. The volume of transaction activity and the transaction prices further highlighted the value of FivePoint's land holdings in highly desirable communities in severely land-constrained areas. The sizeable transaction proceeds further fortified the company's balance sheet and liquidity for further development activity." A birdseye view of a vibrant neighborhood, showcasing the diversity of residents living in a mixed-use community. Five Point Holdings, LLC (NYSE:FPH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 12 hedge fund portfolios held Five Point Holdings, LLC (NYSE:FPH) at the end of the fourth quarter which was 14 in the previous quarter. In the first quarter, Five Point Holdings, LLC (NYSE: FPH) achieved a net income of $60.6 million, exceeding all expectations. While we acknowledge the potential of Five Point Holdings, LLC (NYSE:FPH) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered Five Point Holdings, LLC (NYSE:FPH) and shared O'keefe Stevens Advisory's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
10-05-2025
- Business
- Yahoo
Tidewater (TDW): Long-Term Industry Dynamics Look Intact
Third Avenue Management, an investment management company based in New York City, released its 'Third Avenue Small-Cap Value Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund returned -4.54% compared to -5.87% % for the MSCI USA Small-Cap Value Index (the 'Index') and -7.74% return for the Russell 2000 Value Index. The Fund has returned +15.46%, annualized, for the trailing five-year period. For more information on the fund's top picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Third Avenue Small-Cap Value Fund highlighted stocks such as Tidewater Inc. (NYSE:TDW). Tidewater Inc. (NYSE:TDW) provides offshore support vessels and marine support services to the offshore energy industry. The one-month return of Tidewater Inc. (NYSE:TDW) was 21.83%, and its shares lost 60.17% of their value over the last 52 weeks. On May 8, 2025, Tidewater Inc. (NYSE:TDW) stock closed at $41.13 per share with a market capitalization of $2.035 billion. Third Avenue Small-Cap Value Fund stated the following regarding Tidewater Inc. (NYSE:TDW) in its Q1 2025 investor letter: "Detractors from performance this quarter included offshore oil & gas services provider Tidewater Inc. (NYSE:TDW). Tidewater represents an interesting case study. In recent quarters, the company has been a poor performer and one of the larger drags on Fund performance. As recently as a year ago, the company had been a star performer for the Fund and was benefiting from a strong tightening of the supply and demand balance for global offshore support vessels. In that environment, with a favorable outlook and far higher share prices, the Fund sold a material portion of its Tidewater shares. It is notable that several growth-oriented funds filed as significant new shareholders around the time of the Fund's sales. As an investment approach, we tend to buy grey clouds and sell sunshine and that period was starting to look like sunshine in the sense that the share price was increasingly reflective of the very positive near-term outlook. A fleet of offshore supply vessels and tugs carrying materials to an oilrig in the distance. Tidewater Inc. (NYSE:TDW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held Tidewater Inc. (NYSE:TDW) at the end of the fourth quarter which was 35 in the previous quarter. Tidewater Inc. (NYSE:TDW) reported strong financial results for the first quarter of 2025, achieving revenue of $333.4 million, which surpassed expectations due to increased day rates and better utilization. While we acknowledge the potential of Tidewater Inc. (NYSE:TDW) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered Tidewater Inc. (NYSE:TDW) and shared the list of stocks with heavy insider buying in 2025. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
