St. Joe (NYSE:JOE) Earns Hold (C) Rating from Weiss Ratings

St. Joe (NYSE:JOE)‘s stock had its “hold (c)” rating reissued by Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

St. Joe Trading Up 1.6%

Shares of NYSE JOE opened at $51.06 on Friday. The stock has a market cap of $2.96 billion, a P/E ratio of 35.96 and a beta of 1.31. St. Joe has a 52-week low of $40.19 and a 52-week high of $54.03. The firm has a 50 day moving average price of $49.80 and a two-hundred day moving average price of $47.83. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 104,100 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $51.08, for a total transaction of $5,317,428.00. Following the completion of the sale, the insider directly owned 16,324,624 shares in the company, valued at $833,861,793.92. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 616,000 shares of company stock worth $31,340,145 in the last ninety days. Corporate insiders own 38.80% of the company’s stock.

Institutional Trading of St. Joe

Several large investors have recently modified their holdings of the stock. HRT Financial LP grew its stake in St. Joe by 0.7% in the second quarter. HRT Financial LP now owns 32,349 shares of the financial services provider’s stock valued at $1,543,000 after acquiring an additional 213 shares during the period. GAMMA Investing LLC lifted its holdings in shares of St. Joe by 21.1% in the second quarter. GAMMA Investing LLC now owns 1,295 shares of the financial services provider’s stock worth $62,000 after buying an additional 226 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of St. Joe by 31.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 236 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in St. Joe by 6.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,890 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 237 shares during the period. Finally, Creative Planning increased its position in St. Joe by 4.1% during the 2nd quarter. Creative Planning now owns 9,872 shares of the financial services provider’s stock valued at $471,000 after purchasing an additional 391 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

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.