180 Wealth Advisors LLC Raises Stake in St. Joe Company (The) $JOE

180 Wealth Advisors LLC raised its position in shares of St. Joe Company (The) (NYSE:JOE) by 52.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,805 shares of the financial services provider’s stock after purchasing an additional 3,374 shares during the quarter. 180 Wealth Advisors LLC’s holdings in St. Joe were worth $468,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of JOE. Nuveen LLC purchased a new position in shares of St. Joe in the first quarter worth $7,195,000. Mills Wealth Advisors LLC purchased a new position in shares of St. Joe in the first quarter worth $2,977,000. Schwartz Investment Counsel Inc. lifted its holdings in shares of St. Joe by 23.1% in the first quarter. Schwartz Investment Counsel Inc. now owns 330,400 shares of the financial services provider’s stock worth $15,512,000 after buying an additional 62,000 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of St. Joe by 84.5% in the first quarter. Invesco Ltd. now owns 114,888 shares of the financial services provider’s stock worth $5,394,000 after buying an additional 52,603 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new position in shares of St. Joe in the first quarter worth $2,379,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Trading Up 1.6%

Shares of JOE opened at $51.06 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45. St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $54.03. The stock has a market capitalization of $2.96 billion, a PE ratio of 35.96 and a beta of 1.31. The company’s fifty day moving average is $49.80 and its 200 day moving average is $47.80.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share for the quarter. St. Joe had a net margin of 19.39% and a return on equity of 11.19%. The business had revenue of $129.10 million for the quarter.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 167,500 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $51.44, for a total transaction of $8,616,200.00. Following the transaction, the insider owned 16,634,024 shares in the company, valued at $855,654,194.56. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 616,000 shares of company stock worth $31,340,145 in the last quarter. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of St. Joe in a research report on Saturday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, St. Joe currently has an average rating of “Hold”.

St. Joe Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.