St. Joe (NYSE:JOE) Hits New 52-Week High – Here’s Why

St. Joe Company (The) (NYSE:JOE)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $66.76 and last traded at $65.3060, with a volume of 21241 shares. The stock had previously closed at $64.65.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on JOE shares. Wall Street Zen raised St. Joe from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of St. Joe in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, St. Joe presently has an average rating of “Buy”.

St. Joe Trading Down 1.0%

The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 36.81 and a beta of 1.32. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.25 and a current ratio of 2.25. The company has a 50-day moving average price of $62.03 and a 200-day moving average price of $55.12.

St. Joe (NYSE:JOE) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share for the quarter. The firm had revenue of $161.08 million during the quarter. St. Joe had a return on equity of 13.96% and a net margin of 21.40%.

Insider Buying and Selling

In related news, major shareholder Bruce R. Berkowitz sold 13,900 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $65.50, for a total value of $910,450.00. Following the completion of the sale, the insider directly owned 16,151,124 shares of the company’s stock, valued at $1,057,898,622. The trade was a 0.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have sold 173,500 shares of company stock worth $11,136,531. 0.32% of the stock is owned by company insiders.

Institutional Trading of St. Joe

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Camelot Portfolios LLC acquired a new stake in shares of St. Joe in the 4th quarter valued at about $30,000. Financial Consulate Inc. purchased a new stake in St. Joe in the third quarter valued at approximately $31,000. EverSource Wealth Advisors LLC lifted its stake in St. Joe by 155.7% in the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock valued at $31,000 after buying an additional 397 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of St. Joe by 2,265.5% in the second quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 657 shares during the period. Finally, Quarry LP purchased a new position in shares of St. Joe during the third quarter worth approximately $39,000. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Company Profile

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.