Intrinsic Value Partners LLC Sells 10,627 Shares of The St. Joe Company (NYSE:JOE)

Intrinsic Value Partners LLC trimmed its position in shares of The St. Joe Company (NYSE:JOE) by 8.7% in the fourth quarter, Holdings Channel reports. The fund owned 112,215 shares of the financial services provider’s stock after selling 10,627 shares during the quarter. St. Joe comprises approximately 5.1% of Intrinsic Value Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Intrinsic Value Partners LLC’s holdings in St. Joe were worth $5,042,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 35,600 shares during the period. International Assets Investment Management LLC acquired a new stake in St. Joe during the third quarter worth about $680,000. Los Angeles Capital Management LLC acquired a new stake in St. Joe during the third quarter worth about $1,237,000. Citigroup Inc. grew its position in St. Joe by 130.5% during the third quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider’s stock worth $3,938,000 after buying an additional 38,243 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in St. Joe by 66.8% during the third quarter. Victory Capital Management Inc. now owns 45,318 shares of the financial services provider’s stock worth $2,642,000 after buying an additional 18,150 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors.

St. Joe Stock Up 0.6 %

JOE stock opened at $47.82 on Friday. The St. Joe Company has a twelve month low of $42.94 and a twelve month high of $64.69. The company has a market cap of $2.79 billion, a PE ratio of 40.52 and a beta of 1.28. The business’s 50-day simple moving average is $46.56 and its 200 day simple moving average is $52.76. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.

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.