Metropolitan Life Insurance Co. NY cut its stake in St. Joe (NYSE:JOE) by 57.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,073 shares of the financial services provider’s stock after selling 20,729 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in St. Joe were worth $272,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of JOE. Wells Fargo & Company MN raised its position in shares of St. Joe by 56.8% in the third quarter. Wells Fargo & Company MN now owns 151,688 shares of the financial services provider’s stock valued at $2,860,000 after purchasing an additional 54,962 shares during the period. Dimensional Fund Advisors LP raised 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 valued at $21,328,000 after purchasing an additional 197,196 shares during the period. GSA Capital Partners LLP acquired a new position in shares of St. Joe in the third quarter valued at about $929,000. Schwab Charles Investment Management Inc. grew its stake in shares of 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 valued at $5,272,000 after acquiring an additional 4,837 shares in the last quarter. Finally, Unison Advisors LLC acquired a new position in shares of St. Joe in the fourth quarter valued at about $284,000. 96.04% of the stock is currently owned by institutional investors.
JOE stock opened at $17.95 on Monday. St. Joe has a 52 week low of $16.45 and a 52 week high of $20.00. The stock has a market capitalization of $1,172.73, a P/E ratio of -119.67 and a beta of 0.91.
St. Joe (NYSE:JOE) last released its quarterly earnings results on Thursday, March 1st. The financial services provider reported ($0.08) 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 during the quarter. research analysts anticipate that St. Joe will post 0.08 EPS for the current fiscal year.
In other St. Joe news, SVP Patrick Wayne Murphy purchased 1,812 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average cost of $19.32 per share, for a total transaction of $35,007.84. Following the completion of the purchase, the senior vice president now owns 15,223 shares of the company’s stock, valued at approximately $294,108.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Fairholme Capital Management L purchased 58,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was acquired at an average price of $18.97 per share, for a total transaction of $1,100,260.00. Following the completion of the purchase, the director now directly owns 2,800 shares of the company’s stock, valued at approximately $53,116. The disclosure for this purchase can be found here. Insiders purchased 114,612 shares of company stock worth $2,181,044 over the last 90 days. 33.83% of the stock is currently owned by corporate insiders.
Separately, ValuEngine downgraded shares of St. Joe from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st.
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St. Joe 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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