Trexquant Investment LP Purchases Shares of 16,711 St. Joe Company (The) (JOE)

Trexquant Investment LP acquired a new stake in St. Joe Company (The) (NYSE:JOE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,711 shares of the financial services provider’s stock, valued at approximately $315,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JOE. BNP Paribas Arbitrage SA boosted its position in shares of St. Joe by 207.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,987 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 4,039 shares during the period. SG Americas Securities LLC acquired a new stake in shares of St. Joe in the 2nd quarter valued at about $114,000. UBS Group AG boosted its position in shares of St. Joe by 4.9% in the 1st quarter. UBS Group AG now owns 6,203 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 289 shares during the period. QS Investors LLC acquired a new stake in shares of St. Joe in the 2nd quarter valued at about $146,000. Finally, Stelac Advisory Services LLC acquired a new stake in shares of St. Joe in the 3rd quarter valued at about $158,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

JOE has been the subject of a number of research analyst reports. Zacks Investment Research raised St. Joe from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Monday, October 23rd. BidaskClub cut St. Joe from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th.

In related news, Director Fairholme Capital Management L acquired 200,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was bought at an average cost of $18.83 per share, with a total value of $3,766,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired a total of 866,550 shares of company stock valued at $16,010,991 over the last ninety days. 33.83% of the stock is owned by insiders.

St. Joe Company (NYSE JOE) traded down $0.05 during trading on Wednesday, reaching $18.50. The company’s stock had a trading volume of 284,200 shares, compared to its average volume of 266,138. St. Joe Company has a 52 week low of $16.30 and a 52 week high of $21.90. The firm has a market cap of $1,230.26, a PE ratio of 56.21 and a beta of 0.91.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. St. Joe had a return on equity of 3.71% and a net margin of 24.82%. The company had revenue of $33.60 million during the quarter, compared to analysts’ expectations of $25.80 million. research analysts predict that St. Joe Company will post 0.25 EPS for the current fiscal year.

St. Joe declared that its Board of Directors has initiated a share repurchase program on Thursday, September 21st that allows the company to buyback $66.00 million in shares. This buyback authorization allows the financial services provider to repurchase up to 5.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

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St. Joe Company Profile

The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.

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Institutional Ownership by Quarter for St. Joe (NYSE:JOE)

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