St. Joe Co (JOE) Director Howard S. Frank Buys 20,000 Shares
St. Joe Co (NYSE:JOE) Director Howard S. Frank purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average cost of $18.98 per share, with a total value of $379,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $379,600. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of St. Joe Co (NYSE:JOE) traded up $0.15 on Friday, hitting $18.50. The company had a trading volume of 850,000 shares, compared to its average volume of 270,607. The stock has a market capitalization of $1,250.16, a P/E ratio of 57.12 and a beta of 0.91. St. Joe Co has a one year low of $16.30 and a one year high of $21.05.
St. Joe (NYSE:JOE) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The company had revenue of $33.60 million during the quarter, compared to the consensus estimate of $25.80 million. St. Joe had a return on equity of 3.71% and a net margin of 24.82%.
Several institutional investors and hedge funds have recently modified their holdings of JOE. Teachers Advisors LLC increased its position in shares of St. Joe by 0.6% during the first quarter. Teachers Advisors LLC now owns 100,168 shares of the financial services provider’s stock valued at $1,708,000 after acquiring an additional 594 shares during the last quarter. 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 during the last quarter. Morgan Stanley increased its position in St. Joe by 4.2% in the first quarter. Morgan Stanley now owns 190,544 shares of the financial services provider’s stock worth $3,249,000 after buying an additional 7,741 shares during the last quarter. Bank of America Corp DE increased its position in St. Joe by 14.6% in the first quarter. Bank of America Corp DE now owns 65,317 shares of the financial services provider’s stock worth $1,114,000 after buying an additional 8,326 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in St. Joe by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 284,552 shares of the financial services provider’s stock worth $5,336,000 after buying an additional 3,251 shares during the last quarter. 92.69% of the stock is owned by institutional investors.
Separately, Zacks Investment Research raised St. Joe from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Monday, October 23rd.
St. Joe 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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