Intrinsic Value Partners LLC Has $5.12 Million Stake in St. Joe Company (The) $JOE

Intrinsic Value Partners LLC cut its holdings in shares of St. Joe Company (The) (NYSE:JOE) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,282 shares of the financial services provider’s stock after selling 1,223 shares during the period. St. Joe comprises approximately 4.6% of Intrinsic Value Partners LLC’s investment portfolio, making the stock its 4th biggest position. Intrinsic Value Partners LLC owned 0.18% of St. Joe worth $5,117,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its stake in St. Joe by 7.1% during the second quarter. State of Alaska Department of Revenue now owns 22,534 shares of the financial services provider’s stock worth $1,074,000 after purchasing an additional 1,501 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of St. Joe by 21.1% during the second quarter. GAMMA Investing LLC now owns 1,295 shares of the financial services provider’s stock worth $62,000 after buying an additional 226 shares in the last quarter. Annex Advisory Services LLC increased its holdings in shares of St. Joe by 4.9% during the second quarter. Annex Advisory Services LLC now owns 38,538 shares of the financial services provider’s stock worth $1,838,000 after buying an additional 1,790 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of St. Joe during the second quarter worth $547,000. Finally, Strs Ohio acquired a new position in shares of St. Joe during the first quarter worth $315,000. 86.67% of the stock is currently owned by institutional investors.

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 167,500 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $51.44, for a total transaction of $8,616,200.00. Following the completion of the transaction, the insider directly owned 16,634,024 shares of the company’s stock, valued at $855,654,194.56. This trade represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 616,000 shares of company stock worth $31,340,145. 0.32% of the stock is owned by company insiders.

St. Joe Stock Up 1.0%

Shares of NYSE:JOE opened at $49.33 on Friday. The firm has a market cap of $2.86 billion, a P/E ratio of 34.74 and a beta of 1.31. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.81. St. Joe Company has a 12-month low of $40.19 and a 12-month high of $60.36. The business has a fifty day simple moving average of $50.44 and a 200 day simple moving average of $47.48.

St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $129.10 million during the quarter. St. Joe had a return on equity of 11.19% and a net margin of 19.39%.

St. Joe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 22nd. St. Joe’s dividend payout ratio (DPR) is currently 39.44%.

Analyst Upgrades and Downgrades

JOE has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of St. Joe in a report on Saturday, September 27th. Wall Street Zen downgraded shares of St. Joe from a “buy” rating to a “hold” rating in a report on Sunday, June 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.