Gamco Investors INC. ET AL Lowers Stock Holdings in St. Joe Company (The) $JOE

Gamco Investors INC. ET AL reduced its stake in St. Joe Company (The) (NYSE:JOE) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 634,410 shares of the financial services provider’s stock after selling 16,100 shares during the quarter. Gamco Investors INC. ET AL owned about 1.10% of St. Joe worth $31,391,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in St. Joe by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock valued at $294,866,000 after buying an additional 179,877 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in St. Joe by 54.7% in the third quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock worth $20,160,000 after acquiring an additional 144,121 shares in the last quarter. Select Equity Group L.P. purchased a new stake in shares of St. Joe in the second quarter worth $6,347,000. AQR Capital Management LLC grew its stake in shares of St. Joe by 155.9% in the second quarter. AQR Capital Management LLC now owns 194,664 shares of the financial services provider’s stock worth $9,285,000 after acquiring an additional 118,580 shares during the last quarter. Finally, River Road Asset Management LLC increased its holdings in shares of St. Joe by 86.0% during the second quarter. River Road Asset Management LLC now owns 186,830 shares of the financial services provider’s stock valued at $9,435,000 after acquiring an additional 86,365 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Stock Performance

JOE stock opened at $68.87 on Friday. The stock has a market capitalization of $3.96 billion, a PE ratio of 34.44 and a beta of 1.30. St. Joe Company has a 12-month low of $40.19 and a 12-month high of $73.54. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.73. The stock’s 50 day simple moving average is $66.54 and its 200 day simple moving average is $58.44.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $0.52 EPS for the quarter. St. Joe had a return on equity of 15.23% and a net margin of 22.52%.The business had revenue of $128.89 million for the quarter.

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Monday, March 9th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.64 annualized dividend and a dividend yield of 0.9%. St. Joe’s dividend payout ratio (DPR) is 32.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 1,400 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $73.50, for a total value of $102,900.00. Following the completion of the transaction, the insider owned 16,094,724 shares of the company’s stock, valued at approximately $1,182,962,214. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 229,900 shares of company stock valued at $15,201,327. 0.32% of the stock is currently owned by company insiders.

About St. Joe

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.