St. Joe (NYSE:JOE) Downgraded by Wall Street Zen to Hold

St. Joe (NYSE:JOE - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday.

St. Joe Price Performance

JOE opened at $46.00 on Friday. The company's 50 day simple moving average is $43.75 and its 200 day simple moving average is $45.91. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. St. Joe has a 1 year low of $40.19 and a 1 year high of $64.69. The stock has a market capitalization of $2.68 billion, a PE ratio of 38.99 and a beta of 1.36.

St. Joe (NYSE:JOE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. The firm had revenue of $94.20 million for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

Insider Buying and Selling at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 160,300 shares of St. Joe stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $47.00, for a total transaction of $7,534,100.00. Following the transaction, the insider now directly owns 17,000,724 shares of the company's stock, valued at $799,034,028. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Arete Wealth Advisors LLC lifted its position in shares of St. Joe by 5.1% during the fourth quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider's stock worth $226,000 after purchasing an additional 243 shares in the last quarter. Carmel Capital Partners LLC lifted its position in shares of St. Joe by 4.6% during the fourth quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider's stock worth $383,000 after purchasing an additional 375 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock worth $26,000 after buying an additional 430 shares during the last quarter. Viewpoint Capital Management LLC increased its stake in shares of St. Joe by 7.3% in the first quarter. Viewpoint Capital Management LLC now owns 7,384 shares of the financial services provider's stock worth $347,000 after buying an additional 500 shares during the last quarter. Finally, Legacy Capital Group California Inc. increased its stake in shares of St. Joe by 12.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock worth $220,000 after buying an additional 540 shares during the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

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.

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