St. Joe (NYSE:JOE) Shares Down 4.7% – Here’s What Happened

The St. Joe Company (NYSE:JOE) shares were down 4.7% on Thursday . The company traded as low as $54.00 and last traded at $54.15. Approximately 120,279 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 172,962 shares. The stock had previously closed at $56.81.

St. Joe Stock Down 6.4 %

The company has a debt-to-equity ratio of 0.87, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s 50 day simple moving average is $58.65 and its two-hundred day simple moving average is $57.54. The firm has a market cap of $3.11 billion, a P/E ratio of 43.61 and a beta of 1.26.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.42 EPS for the quarter. The business had revenue of $111.60 million for the quarter. St. Joe had a return on equity of 10.07% and a net margin of 18.32%.

Insider Buying and Selling at St. Joe

In other news, Director Bruce R. Berkowitz sold 97,200 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the sale, the director now owns 17,878,924 shares in the company, valued at $1,078,814,274.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Bruce R. Berkowitz sold 97,200 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the sale, the director now directly owns 17,878,924 shares of the company’s stock, valued at $1,078,814,274.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bruce R. Berkowitz sold 28,100 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $62.98, for a total value of $1,769,738.00. Following the completion of the transaction, the director now directly owns 18,172,524 shares of the company’s stock, valued at approximately $1,144,505,561.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 285,000 shares of company stock worth $17,558,573. 38.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On St. Joe

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in St. Joe by 263.6% in the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 427 shares during the period. Quest Partners LLC boosted its holdings in shares of St. Joe by 72,300.0% in the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after buying an additional 723 shares during the last quarter. Blue Trust Inc. grew its position in St. Joe by 549.1% during the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after buying an additional 615 shares during the period. nVerses Capital LLC increased its holdings in St. Joe by 100.0% during the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after buying an additional 400 shares during the last quarter. Finally, Lowe Wealth Advisors LLC bought a new position in St. Joe in the second quarter worth approximately $63,000. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

About St. Joe

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.