California State Teachers Retirement System Cuts Position in St. Joe (JOE)

California State Teachers Retirement System cut its stake in St. Joe (NYSE:JOE) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,968 shares of the financial services provider’s stock after selling 6,774 shares during the period. California State Teachers Retirement System’s holdings in St. Joe were worth $1,263,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its position in St. Joe by 1.7% in 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 acquiring an additional 4,837 shares in the last quarter. CIBC World Markets Inc. grew 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 worth $499,000 after acquiring an additional 5,083 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in St. Joe by 182.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 16,518 shares of the financial services provider’s stock valued at $298,000 after buying an additional 10,675 shares during the period. Bridges Investment Management Inc. purchased a new stake in St. Joe during the fourth quarter valued at about $223,000. Finally, SG Americas Securities LLC boosted its position in St. Joe by 212.0% during the third quarter. SG Americas Securities LLC now owns 18,910 shares of the financial services provider’s stock valued at $356,000 after buying an additional 12,850 shares during the period. Institutional investors own 96.02% of the company’s stock.

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NYSE JOE opened at $18.60 on Friday. St. Joe has a 12-month low of $16.45 and a 12-month high of $20.00. The stock has a market cap of $1,228.27, a price-to-earnings ratio of -124.00 and a beta of 0.91.

St. Joe (NYSE:JOE) last posted 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 net margin of 60.38% and a return on equity of 2.63%. The business had revenue of $21.50 million for the quarter. equities research analysts anticipate that St. Joe will post 0.08 EPS for the current year.

In other St. Joe news, SVP Patrick Wayne Murphy purchased 1,812 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was acquired at an average cost of $19.32 per share, for a total transaction of $35,007.84. Following the completion of the transaction, the senior vice president now directly owns 15,223 shares in the company, valued at approximately $294,108.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Fairholme Capital Management L purchased 32,300 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were acquired at an average price of $18.95 per share, with a total value of $612,085.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 114,612 shares of company stock valued at $2,181,044. Company insiders own 33.83% of the company’s stock.

Separately, ValuEngine lowered 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, 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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Institutional Ownership by Quarter for St. Joe (NYSE:JOE)

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