St. Joe Company (The) (NYSE:JOE – Get Free Report) major shareholder Bruce Berkowitz sold 189,200 shares of St. Joe stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $65.78, for a total transaction of $12,445,576.00. Following the completion of the sale, the insider owned 15,884,424 shares in the company, valued at approximately $1,044,877,410.72. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
St. Joe Price Performance
Shares of JOE stock traded down $0.65 during trading hours on Thursday, hitting $65.05. The stock had a trading volume of 277,887 shares, compared to its average volume of 269,816. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 33.53 and a beta of 1.31. St. Joe Company has a one year low of $42.65 and a one year high of $73.54. The stock’s 50-day moving average price is $67.55 and its two-hundred day moving average price is $63.64.
St. Joe (NYSE:JOE – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share for the quarter. St. Joe had a return on equity of 14.59% and a net margin of 21.61%.The company had revenue of $99.04 million for the quarter.
St. Joe Dividend Announcement
Institutional Investors Weigh In On St. Joe
Institutional investors have recently bought and sold shares of the company. Blackhawk Capital Partners LLC acquired a new stake in shares of St. Joe in the 3rd quarter worth $1,535,000. SG Americas Securities LLC increased its position in St. Joe by 138.2% during the 4th quarter. SG Americas Securities LLC now owns 38,860 shares of the financial services provider’s stock valued at $2,307,000 after buying an additional 22,547 shares in the last quarter. Elo Mutual Pension Insurance Co acquired a new position in St. Joe during the 3rd quarter valued at about $947,000. Vanguard Group Inc. raised its stake in St. Joe by 3.1% in the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock valued at $294,866,000 after buying an additional 179,877 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in St. Joe by 54.7% in the third quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock worth $20,160,000 after acquiring an additional 144,121 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.
View Our Latest Stock Report on St. Joe
About St. Joe
The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.
Founded in 1936 as a paper manufacturing company, St.
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