Nkcfo LLC Makes New Investment in St. Joe Company (The) $JOE

Nkcfo LLC acquired a new stake in shares of St. Joe Company (The) (NYSE:JOE) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 10,000 shares of the financial services provider’s stock, valued at approximately $495,000.

A number of other hedge funds also recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new stake in St. Joe in the 3rd quarter worth approximately $292,000. Vanguard Group Inc. boosted its position in shares of St. Joe by 3.1% in the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after purchasing an additional 179,877 shares during the period. Public Sector Pension Investment Board increased its stake in shares of St. Joe by 20.6% in the third quarter. Public Sector Pension Investment Board now owns 155,893 shares of the financial services provider’s stock worth $7,714,000 after purchasing an additional 26,637 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of St. Joe by 2.0% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 19,850 shares of the financial services provider’s stock valued at $982,000 after purchasing an additional 392 shares during the period. Finally, Rhumbline Advisers raised its position in shares of St. Joe by 3.2% during the 3rd quarter. Rhumbline Advisers now owns 107,328 shares of the financial services provider’s stock valued at $5,311,000 after purchasing an additional 3,372 shares during the period. 86.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 87,700 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $65.51, for a total transaction of $5,745,227.00. Following the completion of the transaction, the insider owned 16,165,024 shares in the company, valued at $1,058,970,722.24. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 189,500 shares of company stock worth $12,276,077 over the last three months. 38.80% of the stock is currently owned by corporate insiders.

St. Joe Stock Down 3.3%

Shares of JOE stock opened at $69.15 on Tuesday. The company’s fifty day simple moving average is $64.66 and its two-hundred day simple moving average is $57.27. St. Joe Company has a 52 week low of $40.19 and a 52 week high of $71.90. The stock has a market cap of $3.99 billion, a P/E ratio of 38.42 and a beta of 1.34. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.75.

Wall Street Analysts Forecast Growth

JOE has been the subject of several recent analyst reports. Wall Street Zen raised shares of St. Joe from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings restated a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, St. Joe presently has an average rating of “Buy”.

About St. Joe

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.