WINTON GROUP Ltd Invests $1.06 Million in St. Joe Company (The) $JOE

WINTON GROUP Ltd purchased a new stake in shares of St. Joe Company (The) (NYSE:JOE) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 21,377 shares of the financial services provider’s stock, valued at approximately $1,058,000.

Several other hedge funds have also bought and sold shares of the business. Financial Consulate Inc. bought a new position in shares of St. Joe during the third quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its position in shares of St. Joe by 155.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 397 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of St. Joe by 2,265.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider’s stock worth $33,000 after buying an additional 657 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of St. Joe by 31.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after buying an additional 236 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in St. Joe by 21.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,573 shares of the financial services provider’s stock valued at $78,000 after buying an additional 278 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

Analyst Upgrades and Downgrades

JOE has been the topic of several analyst reports. Wall Street Zen downgraded St. Joe from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings restated a “buy (b-)” rating on shares of St. Joe in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, St. Joe currently has an average rating of “Buy”.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 87,700 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $65.51, for a total transaction of $5,745,227.00. Following the transaction, the insider owned 16,165,024 shares in the company, valued at approximately $1,058,970,722.24. This represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 229,900 shares of company stock valued at $15,201,327. 0.32% of the stock is currently owned by insiders.

St. Joe Stock Up 0.6%

NYSE JOE traded up $0.41 during mid-day trading on Friday, reaching $69.81. The stock had a trading volume of 19,469 shares, compared to its average volume of 187,818. The stock has a market cap of $4.02 billion, a PE ratio of 34.88 and a beta of 1.30. St. Joe Company has a 1 year low of $40.19 and a 1 year high of $73.54. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.68 and a quick ratio of 2.68. The company has a fifty day moving average price of $67.38 and a 200 day moving average price of $59.01.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $0.52 EPS for the quarter. St. Joe had a return on equity of 15.23% and a net margin of 22.52%.The business had revenue of $128.89 million for the quarter.

St. Joe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 9th will be given a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. St. Joe’s payout ratio is 32.00%.

St. Joe Company Profile

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.