St. Joe Company (The) $JOE Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its holdings in St. Joe Company shares by 239.4% during Q2, now owning 12,589 shares valued at approximately $600,000.
• Insider Bruce R. Berkowitz sold 104,100 shares for over $5 million, reducing his ownership by 0.63%.
• The stock of St. Joe trades at around $50.43, with a P/E ratio of 35.52 and a market cap of $2.92 billion.

Cwm LLC grew its holdings in shares of St. Joe Company (The) (NYSE:JOE - Free Report) by 239.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,589 shares of the financial services provider's stock after purchasing an additional 8,880 shares during the period. Cwm LLC's holdings in St. Joe were worth $600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in St. Joe by 21.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,295 shares of the financial services provider's stock worth $62,000 after purchasing an additional 226 shares during the period. Arete Wealth Advisors LLC grew its holdings in shares of St. Joe by 8.3% in the 1st quarter. Arete Wealth Advisors LLC now owns 5,467 shares of the financial services provider's stock worth $257,000 after acquiring an additional 420 shares during the period. Viewpoint Capital Management LLC grew its holdings in shares of St. Joe by 7.3% in the 1st quarter. Viewpoint Capital Management LLC now owns 7,384 shares of the financial services provider's stock worth $347,000 after acquiring an additional 500 shares during the period. MAI Capital Management grew its holdings in shares of St. Joe by 120.8% in the 1st quarter. MAI Capital Management now owns 1,104 shares of the financial services provider's stock worth $52,000 after acquiring an additional 604 shares during the period. Finally, Legacy Capital Group California Inc. grew its holdings in shares of St. Joe by 13.7% in the 1st quarter. Legacy Capital Group California Inc. now owns 5,570 shares of the financial services provider's stock worth $262,000 after acquiring an additional 671 shares during the period. Institutional investors and hedge funds own 86.67% of the company's stock.

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 104,100 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $51.08, for a total value of $5,317,428.00. Following the sale, the insider owned 16,324,624 shares of the company's stock, valued at approximately $833,861,793.92. This represents a 0.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 616,000 shares of company stock valued at $31,340,145. 0.32% of the stock is currently owned by corporate insiders.

St. Joe Stock Performance

JOE opened at $50.43 on Friday. St. Joe Company has a 1-year low of $40.19 and a 1-year high of $56.76. 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 stock's 50 day simple moving average is $49.78 and its 200 day simple moving average is $47.68. The stock has a market cap of $2.92 billion, a P/E ratio of 35.52 and a beta of 1.31.

St. Joe (NYSE:JOE - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 11.19% and a net margin of 19.39%.The firm had revenue of $129.10 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c)" rating on shares of St. Joe in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

St. Joe 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.

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