180 Wealth Advisors LLC Raises Stake in St. Joe Company (The) $JOE

180 Wealth Advisors LLC grew its stake in shares of St. Joe Company (The) (NYSE:JOE) by 52.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,805 shares of the financial services provider’s stock after purchasing an additional 3,374 shares during the quarter. 180 Wealth Advisors LLC’s holdings in St. Joe were worth $468,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake 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 valued at $62,000 after purchasing an additional 226 shares during the period. Arete Wealth Advisors LLC lifted its stake in St. Joe by 8.3% in the first quarter. Arete Wealth Advisors LLC now owns 5,467 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 420 shares during the period. Viewpoint Capital Management LLC lifted its stake in St. Joe by 7.3% in the first quarter. Viewpoint Capital Management LLC now owns 7,384 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 500 shares during the period. MAI Capital Management lifted its stake in St. Joe by 120.8% in the first quarter. MAI Capital Management now owns 1,104 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 604 shares during the period. Finally, Legacy Capital Group California Inc. lifted its stake in St. Joe by 13.7% in the first quarter. Legacy Capital Group California Inc. now owns 5,570 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 671 shares during the period. 86.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of St. Joe in a research note on Saturday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Insider Activity at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 104,100 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $51.08, for a total transaction of $5,317,428.00. Following the completion of the sale, the insider directly owned 16,324,624 shares of the company’s stock, valued at approximately $833,861,793.92. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 616,000 shares of company stock worth $31,340,145 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

St. Joe Stock Performance

JOE stock opened at $51.06 on Friday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 35.96 and a beta of 1.31. The firm has a 50-day simple moving average of $49.80 and a two-hundred day simple moving average of $47.80. St. Joe Company has a one year low of $40.19 and a one year high of $54.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45.

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

St. Joe 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.