The St. Joe Company (NYSE:JOE) Shares Purchased by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. increased its position in shares of The St. Joe Company (NYSE:JOE) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,386 shares of the financial services provider’s stock after purchasing an additional 3,854 shares during the period. St. Joe accounts for about 0.9% of Meixler Investment Management Ltd.’s holdings, making the stock its 22nd biggest holding. Meixler Investment Management Ltd.’s holdings in St. Joe were worth $1,230,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC boosted its stake in St. Joe by 8.2% during the third quarter. Inspire Investing LLC now owns 7,036 shares of the financial services provider’s stock worth $410,000 after buying an additional 531 shares during the period. Blue Trust Inc. boosted its stake 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 buying an additional 615 shares during the period. Raymond James & Associates boosted its stake in St. Joe by 6.7% during the third quarter. Raymond James & Associates now owns 95,269 shares of the financial services provider’s stock worth $5,555,000 after buying an additional 5,983 shares during the period. Sequoia Financial Advisors LLC purchased a new position in St. Joe during the third quarter worth about $363,000. Finally, Accordant Advisory Group Inc boosted its stake in St. Joe by 25.0% during the third quarter. Accordant Advisory Group Inc now owns 28,894 shares of the financial services provider’s stock worth $1,685,000 after buying an additional 5,783 shares during the period. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Trading Up 0.6 %

Shares of JOE stock opened at $47.82 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $2.79 billion, a PE ratio of 40.52 and a beta of 1.28. The company has a 50-day moving average of $46.56 and a two-hundred day moving average of $52.70. The St. Joe Company has a 1-year low of $42.94 and a 1-year high of $64.69.

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.