FRP Holdings, Inc. (NASDAQ:FRPH) stock price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $30.12 and traded as high as $30.34. FRPH shares last traded at $29.87, with a volume of 11,598 shares traded. Separately, lowered shares of FRP from a 'buy' rating to a 'hold' rating in a research report on Thursday, May 30th. The company's 50 day moving average price is $30.23 and its 200 day moving average price is $30.12. The firm has a market capitalization of $568.13 million, a price-to-earnings ratio of 94.83 and a beta of 0.54. FRP last posted its earnings results on Wednesday, May 8th, reporting $0.07 earnings per share (EPS) for the quarter. The company had revenue of $10.13 million during the quarter. FRP had a net margin of 14.54% and a return on equity of 1.35%. A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mountain Lake Investment Management LLC purchased a new position in FRP in the first quarter valued at $307,000. Vanguard Group Inc. increased its holdings in FRP by 2.1% in the first quarter. Vanguard Group Inc. now owns 325,563 shares of the financial services provider's stock valued at $19,990,000 after buying an additional 6,741 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in FRP in the first quarter valued at $248,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of FRP during the first quarter worth about $372,000. Finally, BNP Paribas Financial Markets increased its stake in shares of FRP by 68.2% during the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider's stock worth $199,000 after purchasing an additional 1,317 shares in the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds. [e136433a]
Fraport AG (FPRUF) reported strong Q1 performance with 17% revenue growth and 34.3% EBITDA growth. Despite challenges at Frankfurt airport due to strikes and weather closures, the company exceeded pre-pandemic financial results. Fraport stock offers compelling upside potential for long-term investors, with a $30.76 price target for 2024 indicating 20% upside. The company's guidance for 2024 shows expected growth in passenger numbers and EBITDA. The author believes that Fraport stock is a buy for long-term investors, as the company's financial results are exceeding pre-pandemic levels and the continued recovery bodes well for future performance. [f29b3c39]