St. Joe (NYSE:JOE) Sets New 12-Month High – Still a Buy?

St. Joe Company (The) (NYSE:JOE) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $68.27 and last traded at $67.4750, with a volume of 16064 shares changing hands. The stock had previously closed at $66.93.

Analyst Upgrades and Downgrades

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

St. Joe Price Performance

The company has a 50-day moving average of $62.40 and a two-hundred day moving average of $55.50. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market capitalization of $3.89 billion, a PE ratio of 37.46 and a beta of 1.34.

Insider Buying and Selling at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 87,700 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $65.51, for a total value of $5,745,227.00. Following the transaction, the insider directly owned 16,165,024 shares of the company’s stock, valued at $1,058,970,722.24. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 173,500 shares of company stock worth $11,136,531. Insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in St. Joe by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock valued at $294,866,000 after acquiring an additional 179,877 shares during the period. State Street Corp increased its holdings in shares of St. Joe by 0.7% during the second quarter. State Street Corp now owns 1,396,004 shares of the financial services provider’s stock valued at $66,589,000 after purchasing an additional 9,301 shares during the period. Geode Capital Management LLC lifted its holdings in St. Joe by 2.5% in the second quarter. Geode Capital Management LLC now owns 957,098 shares of the financial services provider’s stock worth $45,658,000 after purchasing an additional 23,320 shares during the period. Horizon Kinetics Asset Management LLC lifted its holdings in St. Joe by 1.0% in the second quarter. Horizon Kinetics Asset Management LLC now owns 555,891 shares of the financial services provider’s stock worth $26,516,000 after purchasing an additional 5,552 shares during the period. Finally, Victory Capital Management Inc. grew its position in St. Joe by 54.7% in the 3rd quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock valued at $20,160,000 after buying an additional 144,121 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors.

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.