St. Joe Company (The) (NYSE:JOE – Get Free Report) major shareholder Bruce Berkowitz sold 63,800 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $65.25, for a total transaction of $4,162,950.00. Following the sale, the insider directly owned 15,334,924 shares of the company’s stock, valued at $1,000,603,791. The trade was a 0.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
St. Joe Stock Down 0.8%
NYSE:JOE traded down $0.52 during midday trading on Tuesday, reaching $64.55. 212,010 shares of the stock traded hands, compared to its average volume of 223,790. St. Joe Company has a 12-month low of $45.83 and a 12-month high of $73.54. The business has a 50-day moving average of $65.80 and a two-hundred day moving average of $65.30. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.36 and a current ratio of 2.36. The stock has a market capitalization of $3.71 billion, a PE ratio of 33.27 and a beta of 1.28.
St. Joe (NYSE:JOE – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share for the quarter. The firm had revenue of $99.04 million for the quarter. St. Joe had a net margin of 21.61% and a return on equity of 14.59%.
St. Joe Dividend Announcement
Institutional Trading of St. Joe
Several institutional investors have recently modified their holdings of JOE. Camelot Portfolios LLC acquired a new stake in shares of St. Joe in the fourth quarter valued at about $30,000. Kestra Advisory Services LLC acquired a new stake in shares of St. Joe in the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its position 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 valued at $31,000 after purchasing an additional 397 shares during the period. Quarry LP acquired a new stake in shares of St. Joe in the third quarter valued at about $39,000. Finally, Smartleaf Asset Management LLC grew its position 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 valued at $48,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on JOE shares. Wall Street Zen lowered shares of St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings lowered shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.
Read Our Latest Research Report on St. Joe
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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