St. Joe Company (The) (NYSE:JOE) Downgraded by BidaskClub

St. Joe Company (The) (NYSE:JOE) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Friday, July 28th.

Separately, Zacks Investment Research cut shares of St. Joe Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th.

St. Joe Company (NYSE:JOE) opened at 19.15 on Friday. The stock’s 50 day moving average price is $18.53 and its 200 day moving average price is $17.65. St. Joe Company has a 52-week low of $16.30 and a 52-week high of $21.90. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 68.64 and a beta of 0.91.

St. Joe Company (The) (NYSE:JOE) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.04 by $0.11. St. Joe Company (The) had a net margin of 23.02% and a return on equity of 3.08%. The business had revenue of $30.40 million for the quarter. On average, analysts forecast that St. Joe Company will post $0.03 EPS for the current year.

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Several institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of St. Joe Company (The) by 207.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,987 shares of the financial services provider’s stock valued at $112,000 after buying an additional 4,039 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of St. Joe Company (The) during the second quarter valued at approximately $114,000. UBS Group AG boosted its position in shares of St. Joe Company (The) by 4.9% in the first quarter. UBS Group AG now owns 6,203 shares of the financial services provider’s stock valued at $106,000 after buying an additional 289 shares during the last quarter. QS Investors LLC bought a new position in shares of St. Joe Company (The) during the second quarter valued at approximately $146,000. Finally, Cutler Group LP bought a new position in shares of St. Joe Company (The) during the second quarter valued at approximately $150,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Company (The) Company Profile

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.

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