Weiss Ratings Reaffirms “Hold (C)” Rating for St. Joe (NYSE:JOE)

St. Joe (NYSE:JOE)‘s stock had its “hold (c)” rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

St. Joe Price Performance

Shares of NYSE JOE opened at $47.56 on Wednesday. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 33.49 and a beta of 1.31. The business has a 50-day moving average of $50.21 and a 200-day moving average of $47.50. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.45 and a quick ratio of 1.45. St. Joe has a fifty-two week low of $40.19 and a fifty-two week high of $60.36.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. St. Joe had a net margin of 19.39% and a return on equity of 11.19%. The business had revenue of $129.10 million during the quarter.

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 104,100 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $51.08, for a total value of $5,317,428.00. Following the completion of the sale, the insider directly owned 16,324,624 shares in the company, valued at approximately $833,861,793.92. This trade represents a 0.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 616,000 shares of company stock valued at $31,340,145. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On St. Joe

Several hedge funds have recently bought and sold shares of JOE. EverSource Wealth Advisors LLC lifted its stake in St. Joe by 155.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 397 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in St. Joe by 2,265.5% during the second quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 657 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in St. Joe by 31.8% during the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 236 shares during the last quarter. MAI Capital Management lifted its position in St. Joe by 120.8% during the first quarter. MAI Capital Management now owns 1,104 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 604 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in St. Joe by 21.1% during the second quarter. GAMMA Investing LLC now owns 1,295 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 226 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.