Front Street Capital Management Inc. cut its stake in St. Joe Company (The) (NYSE:JOE) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 247,346 shares of the financial services provider’s stock after selling 1,331 shares during the period. St. Joe Company (The) makes up approximately 1.8% of Front Street Capital Management Inc.’s portfolio, making the stock its 21st largest position. Front Street Capital Management Inc. owned approximately 0.35% of St. Joe Company (The) worth $4,638,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS Group AG increased 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 in the last quarter. BNP Paribas Arbitrage SA increased 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 in the last quarter. SG Americas Securities LLC purchased a new position in shares of St. Joe Company (The) during the second quarter valued at about $114,000. Cutler Group LP purchased a new position in shares of St. Joe Company (The) during the second quarter valued at about $150,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of St. Joe Company (The) by 0.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,676 shares of the financial services provider’s stock valued at $199,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 96.77% of the company’s stock.

St. Joe Company (NYSE JOE) opened at 19.20 on Thursday. St. Joe Company has a 12 month low of $16.30 and a 12 month high of $21.90. The company’s 50-day moving average is $18.61 and its 200-day moving average is $17.75. The company has a market cap of $1.35 billion, a P/E ratio of 68.82 and a beta of 0.91.

St. Joe Company (The) (NYSE:JOE) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. The business had revenue of $30.40 million for the quarter. St. Joe Company (The) had a net margin of 23.02% and a return on equity of 3.08%. On average, equities research analysts expect that St. Joe Company will post $0.25 EPS for the current fiscal year.

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A number of brokerages recently weighed in on JOE. BidaskClub downgraded shares of St. Joe Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded shares of St. Joe Company (The) from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, July 14th.

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.

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

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