Shares of The St. Joe Co. (NYSE:JOE) saw strong trading volume on Thursday . 227,348 shares traded hands during trading, an increase of 73% from the previous session’s volume of 131,331 shares.The stock last traded at $19.05 and had previously closed at $19.04.

Separately, Zacks Investment Research downgraded shares of The St. Joe from a “buy” rating to a “hold” rating in a report on Thursday, July 28th.

The firm has a 50 day moving average of $18.14 and a 200-day moving average of $16.82. The firm has a market capitalization of $1.42 billion and a price-to-earnings ratio of 140.00.

The St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, August 3rd. The company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. On average, analysts anticipate that The St. Joe Co. will post $0.12 EPS for the current fiscal year.

A hedge fund recently raised its stake in The St. Joe stock. New York State Common Retirement Fund raised its position in shares of The St. Joe Co. (NYSE:JOE) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,300 shares of the company’s stock after buying an additional 2,900 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of The St. Joe worth $1,190,000 as of its most recent SEC filing.

The St. Joe Company is a real estate development and operating company, asset management and operating company with real estate assets and operations concentrated primarily between Tallahassee and Destin, Florida. The Company has residential and commercial land-use entitlements in hand or in process.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.