Rossby Financial LCC Has $822,000 Stake in St. Joe Company (The) $JOE

Rossby Financial LCC boosted its stake in St. Joe Company (The) (NYSE:JOE) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,225 shares of the financial services provider’s stock after buying an additional 600 shares during the quarter. Rossby Financial LCC’s holdings in St. Joe were worth $822,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in shares of St. Joe by 15.4% during the second quarter. Envestnet Asset Management Inc. now owns 21,481 shares of the financial services provider’s stock worth $1,025,000 after buying an additional 2,866 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of St. Joe by 244.1% during the second quarter. AlphaQuest LLC now owns 11,471 shares of the financial services provider’s stock worth $547,000 after buying an additional 8,137 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of St. Joe by 52.5% during the second quarter. 180 Wealth Advisors LLC now owns 9,805 shares of the financial services provider’s stock worth $468,000 after buying an additional 3,374 shares in the last quarter. Schwartz Investment Counsel Inc. increased its holdings in shares of St. Joe by 1.5% during the second quarter. Schwartz Investment Counsel Inc. now owns 335,400 shares of the financial services provider’s stock worth $15,999,000 after buying an additional 5,000 shares in the last quarter. Finally, Mills Wealth Advisors LLC increased its holdings in shares of St. Joe by 39.7% during the second quarter. Mills Wealth Advisors LLC now owns 88,591 shares of the financial services provider’s stock worth $4,226,000 after buying an additional 25,193 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

Insider Activity at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 104,100 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $51.08, for a total transaction of $5,317,428.00. Following the sale, the insider directly owned 16,324,624 shares of the company’s stock, valued at $833,861,793.92. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 616,000 shares of company stock worth $31,340,145 over the last quarter. 38.80% of the stock is owned by corporate insiders.

St. Joe Price Performance

JOE opened at $50.96 on Tuesday. St. Joe Company has a one year low of $40.19 and a one year high of $54.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.45 and a quick ratio of 1.45. The company’s 50 day simple moving average is $49.83 and its 200-day simple moving average is $47.88. The stock has a market capitalization of $2.95 billion, a P/E ratio of 35.89 and a beta of 1.31.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of St. Joe in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

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.