Universal Beteiligungs und Servicegesellschaft mbH Makes New $380,000 Investment in St. Joe Company (The) $JOE

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in St. Joe Company (The) (NYSE:JOE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,681 shares of the financial services provider’s stock, valued at approximately $380,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Select Equity Group L.P. bought a new position in St. Joe in the 2nd quarter valued at approximately $6,347,000. AQR Capital Management LLC grew its stake in shares of St. Joe by 155.9% during the second quarter. AQR Capital Management LLC now owns 194,664 shares of the financial services provider’s stock worth $9,285,000 after buying an additional 118,580 shares during the last quarter. River Road Asset Management LLC increased its holdings in shares of St. Joe by 86.0% during the second quarter. River Road Asset Management LLC now owns 186,830 shares of the financial services provider’s stock worth $9,435,000 after buying an additional 86,365 shares in the last quarter. Prospera Financial Services Inc bought a new position in shares of St. Joe in the 2nd quarter valued at $2,224,000. Finally, American Century Companies Inc. boosted its holdings in shares of St. Joe by 182.7% during the 2nd quarter. American Century Companies Inc. now owns 58,227 shares of the financial services provider’s stock valued at $2,777,000 after acquiring an additional 37,632 shares in the last quarter. 86.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. Wall Street Zen raised St. Joe from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

St. Joe Trading Down 0.1%

Shares of JOE stock opened at $66.12 on Tuesday. St. Joe Company has a 1-year low of $40.19 and a 1-year high of $67.43. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.75. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 36.73 and a beta of 1.34. The stock has a 50-day moving average of $62.20 and a 200-day moving average of $55.30.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 13,900 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $65.50, for a total transaction of $910,450.00. Following the completion of the transaction, the insider owned 16,151,124 shares in the company, valued at approximately $1,057,898,622. This trade represents a 0.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 173,500 shares of company stock worth $11,136,531. Corporate insiders own 38.80% of the company’s stock.

About St. Joe

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.