St. Joe Co (JOE) Shares Sold by GAM Holding AG
GAM Holding AG lowered its position in shares of St. Joe Co (NYSE:JOE) by 21.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,439 shares of the financial services provider’s stock after selling 67,045 shares during the period. GAM Holding AG owned approximately 0.34% of St. Joe worth $4,466,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its position in St. Joe by 12,179.7% in the first quarter. BlackRock Inc. now owns 14,342,066 shares of the financial services provider’s stock worth $244,531,000 after buying an additional 14,225,271 shares in the last quarter. Vanguard Group Inc. increased its position in St. Joe by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,193,126 shares of the financial services provider’s stock worth $71,493,000 after buying an additional 95,162 shares in the last quarter. Brandes Investment Partners LP increased its position in St. Joe by 6.2% in the first quarter. Brandes Investment Partners LP now owns 1,859,213 shares of the financial services provider’s stock worth $31,706,000 after buying an additional 108,804 shares in the last quarter. Gamco Investors INC. ET AL increased its position in St. Joe by 4.0% in the second quarter. Gamco Investors INC. ET AL now owns 1,109,217 shares of the financial services provider’s stock worth $20,798,000 after buying an additional 42,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in St. Joe 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 in the last quarter. 96.23% of the stock is currently owned by institutional investors.
St. Joe Co (NYSE JOE) opened at 19.00 on Friday. The firm has a 50-day moving average price of $18.61 and a 200-day moving average price of $17.75. St. Joe Co has a 12-month low of $16.30 and a 12-month high of $21.90. The company has a market cap of $1.34 billion, a P/E ratio of 68.10 and a beta of 0.91.
St. Joe (NYSE:JOE) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.11. St. Joe had a return on equity of 6.74% and a net margin of 34.93%. The firm had revenue of $30.40 million for the quarter. On average, analysts forecast that St. Joe Co will post $0.25 earnings per share for the current fiscal year.
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JOE has been the topic of a number of recent research reports. BidaskClub downgraded St. Joe from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research downgraded St. Joe from a “buy” rating to a “hold” rating in a report on Friday, July 21st.
About St. Joe
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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