St. Joe Company (The) (NYSE:JOE – Get Free Report) major shareholder Bruce Berkowitz sold 30,500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $65.10, for a total transaction of $1,985,550.00. Following the completion of the sale, the insider directly owned 15,427,924 shares of the company’s stock, valued at $1,004,357,852.40. This trade represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
St. Joe Price Performance
NYSE JOE opened at $64.83 on Friday. The company has a 50 day simple moving average of $65.79 and a 200-day simple moving average of $65.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 33.42 and a beta of 1.28. St. Joe Company has a 52-week low of $45.75 and a 52-week high of $73.54.
St. Joe (NYSE:JOE – Get Free Report) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.24 EPS for the quarter. St. Joe had a return on equity of 14.59% and a net margin of 21.61%.The firm had revenue of $99.04 million for the quarter.
St. Joe Dividend Announcement
Trending Headlines about St. Joe
Here are the key news stories impacting St. Joe this week:
- Neutral Sentiment: Major shareholder Bruce R. Berkowitz sold 29,200 shares on June 10 at an average price of $65.13, trimming his ownership by 0.19%. SEC filing
- Neutral Sentiment: Berkowitz also sold 30,500 shares on June 9 at an average price of $65.10, reducing his stake by 0.20%. SEC filing
- Neutral Sentiment: Additional reports indicated more sales by Berkowitz, including 29,000, 33,600, and 59,100 shares, reinforcing the theme of insider selling around the mid-$65 range. Article
Wall Street Analyst Weigh In
JOE has been the topic of a number of recent research reports. Weiss Ratings downgraded St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Wall Street Zen downgraded shares of St. Joe from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
View Our Latest Analysis on St. Joe
Institutional Investors Weigh In On St. Joe
A number of large investors have recently added to or reduced their stakes in JOE. Camelot Portfolios LLC bought a new stake in St. Joe during the fourth quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its stake in shares of St. Joe by 155.7% in the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 397 shares during the period. Kestra Advisory Services LLC bought a new position in shares of St. Joe in the fourth quarter worth about $32,000. Quarry LP bought a new position in shares of St. Joe in the third quarter worth about $39,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of St. Joe by 31.8% in the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 236 shares during the period. Institutional investors own 86.67% of the company’s stock.
About St. Joe
The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.
Founded in 1936 as a paper manufacturing company, St.
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