The St. Joe Company (NYSE:JOE) Shares Acquired by Accordant Advisory Group Inc

Accordant Advisory Group Inc lifted its position in The St. Joe Company (NYSE:JOE) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,894 shares of the financial services provider’s stock after purchasing an additional 5,783 shares during the period. St. Joe comprises about 1.3% of Accordant Advisory Group Inc’s portfolio, making the stock its 24th biggest holding. Accordant Advisory Group Inc’s holdings in St. Joe were worth $1,685,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JOE. EverSource Wealth Advisors LLC grew its holdings in St. Joe by 263.6% in the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 427 shares during the period. Quest Partners LLC increased its holdings in St. Joe by 72,300.0% in the 2nd quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 723 shares in the last quarter. Blue Trust Inc. raised its position in St. Joe by 549.1% during the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 615 shares during the period. nVerses Capital LLC lifted its holdings in St. Joe by 100.0% during the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 400 shares in the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of St. Joe in the second quarter valued at about $63,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Stock Down 0.8 %

JOE opened at $57.38 on Wednesday. The company has a market cap of $3.35 billion, a PE ratio of 47.03 and a beta of 1.26. The St. Joe Company has a twelve month low of $45.93 and a twelve month high of $64.69. The company has a 50-day moving average price of $58.67 and a 200 day moving average price of $57.54. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.87.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter. St. Joe had a return on equity of 10.07% and a net margin of 18.32%. The business had revenue of $111.60 million for the quarter.

Insider Buying and Selling at St. Joe

In other news, Director Bruce R. Berkowitz sold 28,100 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $62.98, for a total value of $1,769,738.00. Following the completion of the sale, the director now directly owns 18,172,524 shares in the company, valued at $1,144,505,561.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Bruce R. Berkowitz sold 28,100 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $62.98, for a total value of $1,769,738.00. Following the completion of the sale, the director now owns 18,172,524 shares of the company’s stock, valued at approximately $1,144,505,561.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce R. Berkowitz sold 51,600 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $62.28, for a total value of $3,213,648.00. Following the transaction, the director now directly owns 18,030,924 shares in the company, valued at $1,122,965,946.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 285,000 shares of company stock worth $17,558,573. Corporate insiders own 38.80% of the company’s stock.

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. 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.