St. Joe Co (JOE) Receives Consensus Recommendation of “Hold” from Analysts

Shares of St. Joe Co (NYSE:JOE) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also given St. Joe an industry rank of 32 out of 265 based on the ratings given to its competitors.

A number of brokerages have recently issued reports on JOE. ValuEngine downgraded St. Joe from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded St. Joe from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 16th.

In other news, Director Fairholme Capital Management L bought 154,200 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $17.98 per share, with a total value of $2,772,516.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Howard S. Frank bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $18.98 per share, with a total value of $379,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $379,600. The disclosure for this purchase can be found here. Insiders purchased a total of 994,150 shares of company stock valued at $18,380,258 over the last ninety days. 33.83% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of JOE. BNP Paribas Arbitrage SA increased its position in St. Joe by 207.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,987 shares of the financial services provider’s stock valued at $112,000 after buying an additional 4,039 shares in the last quarter. SG Americas Securities LLC bought a new stake in St. Joe in the 2nd quarter valued at about $114,000. QS Investors LLC bought a new stake in St. Joe in the 2nd quarter valued at about $146,000. Stelac Advisory Services LLC bought a new stake in St. Joe in the 3rd quarter valued at about $158,000. Finally, Wolverine Trading LLC bought a new stake in St. Joe in the 2nd quarter valued at about $189,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Shares of St. Joe (JOE) traded down $0.40 during trading hours on Thursday, hitting $17.95. The stock had a trading volume of 490,500 shares, compared to its average volume of 259,271. The firm has a market cap of $1,190.00, a P/E ratio of 54.39 and a beta of 0.92. St. Joe has a 12 month low of $16.30 and a 12 month high of $19.90.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $33.60 million for the quarter, compared to the consensus estimate of $25.80 million. St. Joe had a return on equity of 3.71% and a net margin of 24.82%. equities analysts predict that St. Joe will post 0.25 EPS for the current fiscal year.

St. Joe declared that its Board of Directors has initiated a share repurchase plan on Thursday, September 21st that allows the company to repurchase $66.00 million in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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About St. Joe

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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