TheStreet upgraded shares of St. Joe (NYSE:JOE) from a c rating to a b- rating in a research report report published on Monday morning, TheStreetRatingsTable reports.
Separately, Zacks Investment Research raised shares of St. Joe from a hold rating to a buy rating and set a $18.00 target price for the company in a report on Monday, March 25th.
JOE opened at $17.80 on Monday. St. Joe has a 52 week low of $12.63 and a 52 week high of $18.45. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 104.71 and a beta of 1.04.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. grew its holdings in shares of St. Joe by 5.8% in the 4th quarter. Citigroup Inc. now owns 13,105 shares of the financial services provider’s stock valued at $173,000 after buying an additional 716 shares during the period. ETF Managers Group LLC grew its holdings in shares of St. Joe by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 6,916 shares of the financial services provider’s stock valued at $91,000 after buying an additional 942 shares during the period. Legal & General Group Plc grew its holdings in shares of St. Joe by 12.0% in the 3rd quarter. Legal & General Group Plc now owns 16,141 shares of the financial services provider’s stock valued at $272,000 after buying an additional 1,733 shares during the period. Xact Kapitalforvaltning AB grew its holdings in shares of St. Joe by 16.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 18,074 shares of the financial services provider’s stock valued at $238,000 after buying an additional 2,600 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in shares of St. Joe in the 4th quarter valued at $36,000. 94.76% of the stock is owned by hedge funds and other institutional investors.
About St. Joe
The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida, the United States. It operates through four segments: Residential Real Estate, Hospitality, Commercial Leasing and Sales, and Forestry. The Residential Real Estate segment plans and develops residential communities of various sizes.
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