Intrinsic Value Partners LLC reduced its stake in shares of The St. Joe Company (NYSE:JOE - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,215 shares of the financial services provider's stock after selling 10,627 shares during the quarter. St. Joe makes up about 5.1% of Intrinsic Value Partners LLC's holdings, making the stock its 4th biggest holding. Intrinsic Value Partners LLC owned about 0.19% of St. Joe worth $5,042,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in JOE. JPMorgan Chase & Co. raised its stake in St. Joe by 30.4% in the third quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider's stock worth $8,896,000 after buying an additional 35,600 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of St. Joe in the 3rd quarter worth approximately $680,000. Los Angeles Capital Management LLC purchased a new position in shares of St. Joe in the 3rd quarter valued at approximately $1,237,000. Citigroup Inc. boosted its position in shares of St. Joe by 130.5% during the third quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider's stock valued at $3,938,000 after purchasing an additional 38,243 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in St. Joe by 66.8% in the third quarter. Victory Capital Management Inc. now owns 45,318 shares of the financial services provider's stock worth $2,642,000 after purchasing an additional 18,150 shares during the period. 86.67% of the stock is currently owned by institutional investors.
St. Joe Stock Down 0.9 %
St. Joe stock traded down $0.43 on Wednesday, hitting $47.53. 143,910 shares of the stock traded hands, compared to its average volume of 220,038. The business's fifty day simple moving average is $46.55 and its 200 day simple moving average is $52.43. The firm has a market cap of $2.78 billion, a P/E ratio of 40.28 and a beta of 1.28. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a 1 year low of $42.94 and a 1 year high of $64.69.
About St. Joe
(
Free Report)
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.
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