Deutsche Bank AG lowered its position in St. Joe Co (NYSE:JOE) by 53.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 36,792 shares of the financial services provider’s stock after selling 42,782 shares during the quarter. Deutsche Bank AG’s holdings in St. Joe were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Citigroup Inc. grew its holdings in shares of St. Joe by 5.8% in the fourth quarter. Citigroup Inc. now owns 13,105 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 716 shares during the period. ETF Managers Group LLC grew its holdings in shares of St. Joe by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 6,916 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 942 shares during the period. Legal & General Group Plc grew its holdings in shares of St. Joe by 12.0% in the third quarter. Legal & General Group Plc now owns 16,141 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 1,733 shares during the period. Xact Kapitalforvaltning AB grew its holdings in shares of St. Joe by 16.8% in the fourth quarter. Xact Kapitalforvaltning AB now owns 18,074 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 2,600 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in shares of St. Joe in the fourth quarter worth $36,000. 94.60% of the stock is owned by institutional investors.
NYSE:JOE opened at $16.82 on Wednesday. St. Joe Co has a 52-week low of $12.63 and a 52-week high of $18.45. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 98.94 and a beta of 1.04.
JOE has been the subject of several recent research reports. Zacks Investment Research lowered St. Joe from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. TheStreet raised St. Joe from a “c” rating to a “b-” rating in a report on Monday, April 15th.
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About St. Joe
The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida, the United States. It operates through four segments: Residential Real Estate, Hospitality, Commercial Leasing and Sales, and Forestry. The Residential Real Estate segment plans and develops residential communities of various sizes.
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