St. Joe Company (The) (NYSE:JOE) Director Fairholme Capital Management L bought 59,050 shares of St. Joe Company (The) stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $17.84 per share, for a total transaction of $1,053,452.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Fairholme Capital Management L also recently made the following trade(s):
- On Monday, November 13th, Fairholme Capital Management L bought 154,200 shares of St. Joe Company (The) stock. The shares were acquired at an average cost of $17.98 per share, for a total transaction of $2,772,516.00.
St. Joe Company (NYSE JOE) opened at $18.60 on Wednesday. St. Joe Company has a twelve month low of $16.30 and a twelve month high of $21.90. The company has a market cap of $1,226.94, a price-to-earnings ratio of 56.06 and a beta of 0.88.
St. Joe Company (The) (NYSE:JOE) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. St. Joe Company (The) had a net margin of 24.82% and a return on equity of 3.71%. The company had revenue of $33.60 million for the quarter, compared to analyst estimates of $25.80 million. equities analysts predict that St. Joe Company will post 0.25 earnings per share for the current year.
St. Joe Company (The) announced that its Board of Directors has initiated a share repurchase program on Thursday, September 21st that permits the company to repurchase $66.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 5.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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Several research firms recently commented on JOE. BidaskClub lowered shares of St. Joe Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research lowered shares of St. Joe Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th.
Institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its holdings in St. Joe Company (The) by 207.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,987 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 4,039 shares during the last quarter. SG Americas Securities LLC bought a new stake in St. Joe Company (The) in the 2nd quarter worth $114,000. UBS Group AG grew its holdings in St. Joe Company (The) by 4.9% in the 1st quarter. UBS Group AG now owns 6,203 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 289 shares during the last quarter. QS Investors LLC bought a new stake in St. Joe Company (The) in the 2nd quarter worth $146,000. Finally, Stelac Advisory Services LLC bought a new stake in St. Joe Company (The) in the 3rd quarter worth $158,000.
About St. Joe Company (The)
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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