Renaissance Technologies LLC Raises Stock Holdings in The St. Joe Company (NYSE:JOE)

Renaissance Technologies LLC increased its holdings in shares of The St. Joe Company (NYSE:JOE – Get Rating) by 141.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,700 shares of the financial services provider’s stock after purchasing an additional 122,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.36% of St. Joe worth $6,717,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in St. Joe by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,248,010 shares of the financial services provider’s stock worth $310,892,000 after buying an additional 79,109 shares during the period. BlackRock Inc. grew its holdings in shares of St. Joe by 0.7% during the first quarter. BlackRock Inc. now owns 5,053,700 shares of the financial services provider’s stock valued at $299,378,000 after buying an additional 33,872 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in St. Joe by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,510,822 shares of the financial services provider’s stock worth $48,393,000 after acquiring an additional 18,463 shares during the period. State Street Corp lifted its holdings in shares of St. Joe by 1.8% during the 2nd quarter. State Street Corp now owns 1,078,917 shares of the financial services provider’s stock valued at $42,682,000 after buying an additional 19,166 shares during the last quarter. Finally, Front Street Capital Management Inc. increased its position in St. Joe by 0.4% in the 3rd quarter. Front Street Capital Management Inc. now owns 726,705 shares of the financial services provider’s stock worth $23,276,000 after buying an additional 2,683 shares during the period. Hedge funds and other institutional investors own 86.49% of the company’s stock.

Insider Transactions at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 1,200 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $43.11, for a total transaction of $51,732.00. Following the sale, the director now directly owns 21,137,591 shares of the company’s stock, valued at $911,241,548.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Bruce R. Berkowitz sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $43.11, for a total transaction of $51,732.00. Following the completion of the sale, the director now owns 21,137,591 shares in the company, valued at $911,241,548.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Bruce R. Berkowitz sold 131,000 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $43.54, for a total value of $5,703,740.00. Following the sale, the director now owns 21,138,791 shares of the company’s stock, valued at approximately $920,382,960.14. The disclosure for this sale can be found here. 42.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of St. Joe from a “hold” rating to a “sell” rating in a research note on Friday, February 24th.

St. Joe Stock Down 1.8 %

Shares of JOE stock opened at $41.11 on Friday. The company’s fifty day simple moving average is $43.60 and its 200-day simple moving average is $38.62. The firm has a market cap of $2.40 billion, a PE ratio of 33.98 and a beta of 1.27. The St. Joe Company has a 12 month low of $31.11 and a 12 month high of $62.21.

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 28th. Stockholders of record on Monday, March 6th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, March 3rd. St. Joe’s dividend payout ratio is presently 33.06%.

St. Joe Company Profile

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The St. Joe Co engages in real estate development and management. It operates through the following segments: Residential, Hospitality, and Commercial. The Residential segment plans and develops residential communities of various sizes across a wide range of price points and sells homesites to builders and retail consumers.