Institute for Wealth Management LLC. Sells 1,149 Shares of The St. Joe Company (NYSE:JOE)

Institute for Wealth Management LLC. decreased its holdings in shares of The St. Joe Company (NYSE:JOE) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,203 shares of the financial services provider’s stock after selling 1,149 shares during the quarter. Institute for Wealth Management LLC.’s holdings in St. Joe were worth $1,222,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new position in shares of St. Joe during the 3rd quarter worth about $35,000. Blue Trust Inc. raised its holdings in St. Joe by 549.1% during the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 615 shares in the last quarter. US Bancorp DE boosted its position in St. Joe by 163.6% during the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 700 shares during the last quarter. KBC Group NV grew its stake in St. Joe by 35.8% in the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 391 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of St. Joe by 39.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,693 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 482 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $50.89, for a total value of $763,350.00. Following the sale, the insider now owns 17,770,024 shares in the company, valued at $904,316,521.36. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 38.80% of the stock is owned by corporate insiders.

St. Joe Trading Up 1.1 %

Shares of St. Joe stock opened at $49.02 on Friday. The stock has a market cap of $2.86 billion, a P/E ratio of 41.54 and a beta of 1.27. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a 12-month low of $42.94 and a 12-month high of $64.69. The business’s 50 day moving average is $47.22 and its 200-day moving average is $53.86.

St. Joe 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.