Schwab Charles Investment Management Inc. raised its position in St. Joe Co (NYSE:JOE) by 1.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 292,033 shares of the financial services provider’s stock after purchasing an additional 4,837 shares during the period. Schwab Charles Investment Management Inc. owned 0.44% of St. Joe worth $5,272,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of JOE. Stelac Advisory Services LLC acquired a new position in shares of St. Joe in the 3rd quarter worth approximately $158,000. Victory Capital Management Inc. acquired a new position in shares of St. Joe in the 3rd quarter worth approximately $231,000. Trexquant Investment LP acquired a new position in shares of St. Joe in the 3rd quarter worth approximately $315,000. SG Americas Securities LLC lifted its position in shares of St. Joe by 212.0% in the 3rd quarter. SG Americas Securities LLC now owns 18,910 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 12,850 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in shares of St. Joe in the 3rd quarter worth approximately $394,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.
St. Joe Co (NYSE:JOE) opened at $19.60 on Thursday. The stock has a market cap of $1,277.27, a P/E ratio of 22.53 and a beta of 0.96. St. Joe Co has a 1 year low of $16.45 and a 1 year high of $19.95.
St. Joe (NYSE:JOE) last issued its quarterly earnings results on Thursday, March 1st. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $21.50 million during the quarter. St. Joe had a return on equity of 2.63% and a net margin of 60.38%. equities research analysts forecast that St. Joe Co will post 0.08 earnings per share for the current year.
In related news, Director Fairholme Capital Management L bought 13,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were bought at an average price of $19.23 per share, for a total transaction of $249,990.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 103,300 shares of company stock worth $1,962,335 in the last quarter. 33.83% of the stock is owned by corporate insiders.
Separately, ValuEngine downgraded shares of St. Joe from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.
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About St. Joe
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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