Inspire Investing LLC increased its holdings in The St. Joe Company (NYSE:JOE – Free Report) by 45.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,212 shares of the financial services provider’s stock after purchasing an additional 3,176 shares during the quarter. Inspire Investing LLC’s holdings in St. Joe were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of JOE. Point72 Hong Kong Ltd bought a new stake in shares of St. Joe in the third quarter worth about $35,000. Blue Trust Inc. grew its stake in shares of St. Joe by 549.1% in the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 615 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of St. Joe by 86.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,101 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 512 shares during the last quarter. US Bancorp DE grew its stake in shares of St. Joe by 163.6% in the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 700 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of St. Joe by 35.8% in the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 391 shares during the last quarter. 86.67% of the stock is owned by institutional investors.
St. Joe Stock Performance
Shares of JOE opened at $47.74 on Friday. The St. Joe Company has a one year low of $42.94 and a one year high of $64.69. The company has a 50-day simple moving average of $47.31 and a two-hundred day simple moving average of $54.03. 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 capitalization of $2.79 billion, a PE ratio of 40.45 and a beta of 1.27.
Insider Buying and Selling at St. Joe
In other St. Joe news, major shareholder Bruce R. Berkowitz sold 11,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.12, for a total transaction of $584,320.00. Following the completion of the transaction, the insider now owns 17,785,024 shares of the company’s stock, valued at approximately $944,740,474.88. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 449,400 shares of company stock valued at $23,953,600. 38.80% of the stock is currently owned by company insiders.
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.
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