St. Joe (NYSE:JOE) CEO Jorge Luis Gonzalez purchased 7,764 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were bought at an average cost of $19.32 per share, for a total transaction of $150,000.48. Following the acquisition, the chief executive officer now owns 10,468 shares of the company’s stock, valued at $202,241.76. The transaction was disclosed in a filing with the SEC, which is available through this link.
St. Joe stock opened at $19.75 on Thursday. St. Joe has a twelve month low of $16.45 and a twelve month high of $20.00. The stock has a market capitalization of $1,274.00, a PE ratio of 22.70 and a beta of 0.96.
St. Joe (NYSE:JOE) last released its quarterly earnings results on Thursday, March 1st. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter. St. Joe had a return on equity of 2.63% and a net margin of 60.38%. The company had revenue of $21.50 million for the quarter. analysts anticipate that St. Joe will post 0.08 earnings per share for the current fiscal year.
Separately, ValuEngine lowered St. Joe from a “hold” rating to a “sell” rating in a report on Sunday, December 31st.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its holdings in shares of St. Joe by 1.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 292,033 shares of the financial services provider’s stock worth $5,272,000 after buying an additional 4,837 shares during the last quarter. CIBC World Markets Inc. lifted its position in St. Joe by 22.5% in the fourth quarter. CIBC World Markets Inc. now owns 27,658 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 5,083 shares during the period. Stelac Advisory Services LLC acquired a new stake in St. Joe in the third quarter valued at about $158,000. Raymond James & Associates lifted its position in St. Joe by 59.7% in the fourth quarter. Raymond James & Associates now owns 25,987 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 9,715 shares during the period. Finally, Xact Kapitalforvaltning AB acquired a new stake in St. Joe in the fourth quarter valued at about $184,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.
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St. Joe Company Profile
The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Florida, the United States. It operates through four segments: Residential Real Estate, Resorts and Leisure, Commercial Leasing and Sales, and Forestry. The Residential Real Estate segment plans and develops residential communities of various sizes.
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