CIBC World Markets Inc. lifted its holdings in St. Joe Co (NYSE:JOE) by 22.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,658 shares of the financial services provider’s stock after buying an additional 5,083 shares during the period. CIBC World Markets Inc.’s holdings in St. Joe were worth $499,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of JOE. Fairholme Capital Management LLC boosted its position in shares of St. Joe by 6.0% in the third quarter. Fairholme Capital Management LLC now owns 27,002,485 shares of the financial services provider’s stock worth $508,997,000 after buying an additional 1,517,928 shares during the period. JPMorgan Chase & Co. boosted its position in shares of St. Joe by 116.0% in the third quarter. JPMorgan Chase & Co. now owns 774,961 shares of the financial services provider’s stock worth $14,919,000 after buying an additional 416,198 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of St. Joe by 21.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,131,376 shares of the financial services provider’s stock worth $21,328,000 after buying an additional 197,196 shares during the period. Diversified Investment Strategies LLC acquired a new stake in shares of St. Joe in the third quarter worth $2,622,000. Finally, Gamco Investors INC. ET AL boosted its position in shares of St. Joe by 10.9% in the third quarter. Gamco Investors INC. ET AL now owns 1,229,844 shares of the financial services provider’s stock worth $23,183,000 after buying an additional 120,627 shares during the period. 90.69% of the stock is owned by institutional investors and hedge funds.
In related news, Director Howard S. Frank purchased 20,000 shares of St. Joe stock in a transaction on Wednesday, December 13th. The stock was bought at an average price of $18.98 per share, with a total value of $379,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $379,600. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Fairholme Capital Management L purchased 194,600 shares of St. Joe stock in a transaction on Tuesday, December 5th. The stock was bought at an average cost of $18.47 per share, with a total value of $3,594,262.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 464,400 shares of company stock valued at $8,631,065. Insiders own 33.83% of the company’s stock.
Separately, ValuEngine cut St. Joe from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.
Shares of St. Joe Co (NYSE JOE) opened at $18.30 on Friday. The stock has a market capitalization of $1,197.10, a price-to-earnings ratio of 55.30 and a beta of 0.94. St. Joe Co has a 12-month low of $16.30 and a 12-month high of $19.90.
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St. Joe Company Profile
The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.
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