Highbridge Capital Management LLC Acquires Shares of 14,307 St. Joe Company (The) (JOE)

Highbridge Capital Management LLC acquired a new position in shares of St. Joe Company (The) (NYSE:JOE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,307 shares of the financial services provider’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JOE. BlackRock Inc. increased its position in shares of St. Joe Company (The) by 12,179.7% in the first quarter. BlackRock Inc. now owns 14,342,066 shares of the financial services provider’s stock valued at $244,531,000 after buying an additional 14,225,271 shares during the last quarter. Vanguard Group Inc. increased its position in St. Joe Company (The) by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,193,126 shares of the financial services provider’s stock valued at $71,493,000 after buying an additional 95,162 shares in the last quarter. Brandes Investment Partners LP boosted its stake in shares of St. Joe Company (The) by 6.2% in the first quarter. Brandes Investment Partners LP now owns 1,859,213 shares of the financial services provider’s stock valued at $31,706,000 after buying an additional 108,804 shares during the last quarter. State Street Corp boosted its stake in St. Joe Company (The) by 3.7% in the fourth quarter. State Street Corp now owns 1,003,903 shares of the financial services provider’s stock worth $19,079,000 after buying an additional 35,409 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in St. Joe Company (The) by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 776,303 shares of the financial services provider’s stock worth $13,236,000 after buying an additional 82,242 shares during the period. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of St. Joe Company (NYSE:JOE) traded up 0.27% during midday trading on Friday, reaching $18.50. 213,851 shares of the company traded hands. St. Joe Company has a 12-month low of $16.30 and a 12-month high of $21.90. The company has a 50-day moving average of $18.33 and a 200 day moving average of $17.51. The firm has a market capitalization of $1.33 billion, a PE ratio of 118.59 and a beta of 0.93.

St. Joe Company (The) (NYSE:JOE) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.09. The business had revenue of $13.20 million during the quarter. St. Joe Company (The) had a net margin of 13.09% and a return on equity of 1.73%. On average, equities analysts forecast that St. Joe Company will post $0.03 earnings per share for the current year.

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A number of research firms have issued reports on JOE. Zacks Investment Research cut St. Joe Company (The) from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub upgraded St. Joe Company (The) from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd.

About St. Joe Company (The)

The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.

Institutional Ownership by Quarter for St. Joe Company (The) (NYSE:JOE)

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