Sequoia Financial Advisors LLC Lowers Stock Holdings in St. Joe Company (The) $JOE

Sequoia Financial Advisors LLC lessened its stake in St. Joe Company (The) (NYSE:JOE) by 4.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,055 shares of the financial services provider’s stock after selling 252 shares during the period. Sequoia Financial Advisors LLC’s holdings in St. Joe were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of St. Joe by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 371,097 shares of the financial services provider’s stock valued at $17,423,000 after purchasing an additional 6,538 shares during the last quarter. Schwartz Investment Counsel Inc. grew its position in St. Joe by 23.1% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 330,400 shares of the financial services provider’s stock valued at $15,512,000 after buying an additional 62,000 shares during the last quarter. Principal Financial Group Inc. increased its stake in St. Joe by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 189,390 shares of the financial services provider’s stock valued at $8,892,000 after buying an additional 4,324 shares during the period. Nuveen LLC purchased a new position in St. Joe during the 1st quarter worth $7,195,000. Finally, Public Sector Pension Investment Board raised its position in St. Joe by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 120,371 shares of the financial services provider’s stock worth $5,651,000 after buying an additional 25,794 shares during the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

St. Joe Stock Down 0.0%

Shares of NYSE JOE opened at $50.43 on Friday. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 35.52 and a beta of 1.31. St. Joe Company has a 52 week low of $40.19 and a 52 week high of $56.76. The firm has a 50-day moving average price of $49.78 and a 200 day moving average price of $47.68. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.81.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. St. Joe had a net margin of 19.39% and a return on equity of 11.19%. The company had revenue of $129.10 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of St. Joe in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, St. Joe has a consensus rating of “Hold”.

Insider Buying and Selling at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 104,100 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $51.08, for a total value of $5,317,428.00. Following the completion of the transaction, the insider directly owned 16,324,624 shares of the company’s stock, valued at $833,861,793.92. This trade represents a 0.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 616,000 shares of company stock valued at $31,340,145. Corporate insiders own 0.32% 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.