Chicago Partners Investment Group LLC Decreases Stock Holdings in St. Joe Company (The) $JOE

Chicago Partners Investment Group LLC reduced its position in shares of St. Joe Company (The) (NYSE:JOE) by 14.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,159 shares of the financial services provider’s stock after selling 1,161 shares during the period. Chicago Partners Investment Group LLC’s holdings in St. Joe were worth $358,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MAI Capital Management lifted its position in shares of St. Joe by 120.8% during the 1st quarter. MAI Capital Management now owns 1,104 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 604 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of St. Joe by 21.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,295 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 226 shares during the last quarter. CWM LLC lifted its position in shares of St. Joe by 472.4% during the 1st quarter. CWM LLC now owns 3,709 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 3,061 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of St. Joe during the 1st quarter worth $222,000. Finally, Cresset Asset Management LLC purchased a new stake in shares of St. Joe during the 1st quarter worth $237,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 104,100 shares of the company’s stock in a transaction on 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 owned 16,324,624 shares in the company, valued at $833,861,793.92. This represents a 0.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 616,000 shares of company stock worth $31,340,145. 0.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of St. Joe in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, St. Joe presently has an average rating of “Hold”.

St. Joe Stock Down 0.0%

Shares of NYSE:JOE opened at $50.43 on Friday. The company has a market capitalization of $2.92 billion, a PE ratio of 35.52 and a beta of 1.31. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. St. Joe Company has a twelve month low of $40.19 and a twelve month high of $56.76. The firm has a 50 day simple moving average of $49.78 and a 200-day simple moving average of $47.68.

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

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.