St. Joe (JOE) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in shares of St. Joe (NYSE:JOE) by 37.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,400 shares of the financial services provider’s stock after purchasing an additional 20,700 shares during the quarter. Two Sigma Advisers LP’s holdings in St. Joe were worth $1,379,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position in St. Joe by 15.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 165,356 shares of the financial services provider’s stock valued at $2,985,000 after purchasing an additional 21,801 shares during the period. Deutsche Bank AG increased its position in St. Joe by 221.1% during the 4th quarter. Deutsche Bank AG now owns 207,838 shares of the financial services provider’s stock valued at $3,749,000 after purchasing an additional 143,117 shares during the period. Jefferies Group LLC purchased a new position in St. Joe during the 4th quarter valued at $296,000. BlueCrest Capital Management Ltd bought a new stake in shares of St. Joe during the 4th quarter valued at $579,000. Finally, Renaissance Technologies LLC bought a new stake in shares of St. Joe during the 4th quarter valued at $1,967,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine cut shares of St. Joe from a “hold” rating to a “sell” rating in a report on Sunday, December 31st.



In other St. Joe news, Director Fairholme Capital Management L bought 58,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were purchased at an average price of $18.97 per share, for a total transaction of $1,100,260.00. Following the acquisition, the director now owns 2,800 shares in the company, valued at approximately $53,116. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jorge Luis Gonzalez bought 7,764 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were acquired at an average price of $19.32 per share, for a total transaction of $150,000.48. Following the acquisition, the chief executive officer now owns 10,468 shares in the company, valued at approximately $202,241.76. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 114,612 shares of company stock worth $2,181,044. Company insiders own 33.83% of the company’s stock.

Shares of JOE stock opened at $18.05 on Friday. St. Joe has a 12 month low of $16.45 and a 12 month high of $20.00. The firm has a market cap of $1,192.33, a PE ratio of -120.33 and a beta of 0.91.

St. Joe (NYSE:JOE) last announced its earnings results on Thursday, March 1st. The financial services provider reported ($0.08) EPS for the quarter. St. Joe had a net margin of 60.38% and a return on equity of 2.63%. The business had revenue of $21.50 million for the quarter. sell-side analysts forecast that St. Joe will post 0.08 earnings per share for the current year.

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About St. Joe

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Florida, the United States. It operates through four segments: Residential Real Estate, Resorts and Leisure, Commercial Leasing and Sales, and Forestry. The Residential Real Estate segment plans and develops residential communities of various sizes.

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Institutional Ownership by Quarter for St. Joe (NYSE:JOE)

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