Inspire Investing LLC Raises Position in The St. Joe Company (NYSE:JOE)

Inspire Investing LLC increased its holdings in The St. Joe Company (NYSE:JOE) by 45.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,212 shares of the financial services provider’s stock after buying an additional 3,176 shares during the period. Inspire Investing LLC’s holdings in St. Joe were worth $459,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new stake in St. Joe during the third quarter valued at about $35,000. Blue Trust Inc. raised 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 purchasing an additional 615 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in St. Joe by 86.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,101 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 512 shares in the last quarter. US Bancorp DE raised 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 in the last quarter. Finally, KBC Group NV raised its position in St. Joe by 35.8% during 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. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Insider Activity

In other news, major shareholder Bruce R. Berkowitz sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $53.12, for a total transaction of $584,320.00. Following the transaction, the insider now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 449,400 shares of company stock valued at $23,953,600. 38.80% of the stock is currently owned by insiders.

St. Joe Trading Down 0.4 %

NYSE JOE opened at $47.74 on Friday. The stock’s 50-day simple moving average is $47.31 and its two-hundred day simple moving average is $54.03. The St. Joe Company has a twelve month low of $42.94 and a twelve month high of $64.69. 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 company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 40.45 and a beta of 1.27.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.29 earnings per share for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The business had revenue of $99.00 million for the quarter.

St. Joe Company 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.