Gabelli Funds LLC Has $19.86 Million Position in St. Joe Co (NYSE:JOE)

Gabelli Funds LLC raised its position in St. Joe Co (NYSE:JOE) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,100,500 shares of the financial services provider’s stock after purchasing an additional 39,940 shares during the quarter. Gabelli Funds LLC owned about 1.66% of St. Joe worth $19,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in St. Joe by 1.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,839 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 163 shares during the period. TIAA CREF Investment Management LLC boosted its stake in St. Joe by 0.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 133,650 shares of the financial services provider’s stock worth $2,506,000 after purchasing an additional 1,120 shares during the period. Voya Investment Management LLC boosted its stake in St. Joe by 9.9% in the 2nd quarter. Voya Investment Management LLC now owns 24,786 shares of the financial services provider’s stock worth $465,000 after purchasing an additional 2,227 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in St. Joe by 1.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 284,552 shares of the financial services provider’s stock worth $5,336,000 after purchasing an additional 3,251 shares during the period. Finally, CIBC World Markets Inc. lifted its position in St. Joe by 22.5% in the 4th quarter. CIBC World Markets Inc. now owns 27,658 shares of the financial services provider’s stock worth $499,000 after buying an additional 5,083 shares in the last quarter. Institutional investors and hedge funds own 93.05% of the company’s stock.

A number of research firms have recently weighed in on JOE. Zacks Investment Research upgraded shares of St. Joe from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Monday, October 23rd. ValuEngine downgraded shares of St. Joe from a “hold” rating to a “sell” rating in a report on Sunday, December 31st.

Shares of St. Joe Co (JOE) traded down $0.20 during trading on Thursday, hitting $18.35. 366,090 shares of the stock traded hands, compared to its average volume of 282,787. St. Joe Co has a 1-year low of $16.30 and a 1-year high of $19.90. The firm has a market cap of $1,203.73, a price-to-earnings ratio of 55.82 and a beta of 0.94.

In related news, Director Fairholme Capital Management L bought 16,500 shares of the company’s stock in a transaction on Friday, November 17th. The stock was bought at an average cost of $18.65 per share, with a total value of $307,725.00. Following the completion of the purchase, the director now owns 23,230,687 shares in the company, valued at approximately $433,252,312.55. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Howard S. Frank bought 20,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was bought at an average cost of $18.98 per share, with a total value of $379,600.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $379,600. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 730,900 shares of company stock worth $13,638,290. 33.83% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Gabelli Funds LLC Has $19.86 Million Position in St. Joe Co (NYSE:JOE)” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://stocknewstimes.com/2018/02/15/st-joe-co-joe-holdings-increased-by-gabelli-funds-llc.html.

St. Joe 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.

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

Receive News & Ratings for St. Joe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for St. Joe and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply