TheStreet cut shares of St. Joe (NYSE:JOE) from a b- rating to a c+ rating in a research report released on Monday morning.

Separately, Zacks Investment Research downgraded shares of St. Joe from a buy rating to a hold rating in a research report on Wednesday, June 27th.

Shares of NYSE:JOE opened at $16.35 on Monday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -109.00 and a beta of 0.79. St. Joe has a 52 week low of $16.20 and a 52 week high of $20.00.

St. Joe (NYSE:JOE) last posted its earnings results on Wednesday, August 1st. The financial services provider reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm had revenue of $50.40 million for the quarter, compared to the consensus estimate of $26.80 million. St. Joe had a net margin of 56.86% and a return on equity of 1.66%. equities research analysts anticipate that St. Joe will post 0.09 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL grew its position in shares of St. Joe by 2.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,589,344 shares of the financial services provider’s stock valued at $28,529,000 after buying an additional 31,268 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of St. Joe by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,504,368 shares of the financial services provider’s stock valued at $27,003,000 after buying an additional 145,473 shares during the last quarter. Gabelli Funds LLC grew its position in shares of St. Joe by 7.2% in the 2nd quarter. Gabelli Funds LLC now owns 1,180,000 shares of the financial services provider’s stock valued at $21,181,000 after buying an additional 79,500 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of St. Joe by 22.8% in the 1st quarter. JPMorgan Chase & Co. now owns 844,482 shares of the financial services provider’s stock valued at $15,918,000 after buying an additional 156,918 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of St. Joe by 105.0% in the 1st quarter. Wells Fargo & Company MN now owns 313,162 shares of the financial services provider’s stock valued at $5,904,000 after buying an additional 160,397 shares during the last quarter. 95.17% of the stock is currently owned by hedge funds and other institutional investors.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Florida, the United States. It operates through four segments: Residential Real Estate, Resorts and Leisure, Commercial Leasing and Sales, and Forestry. The Residential Real Estate segment plans and develops residential communities of various sizes.

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