Lesa Sroufe & Co Sells 1,045 Shares of St. Joe Co (NYSE:JOE)

Lesa Sroufe & Co lowered its position in shares of St. Joe Co (NYSE:JOE) by 0.6% in the second quarter, HoldingsChannel reports. The fund owned 161,551 shares of the financial services provider’s stock after selling 1,045 shares during the period. St. Joe accounts for approximately 2.5% of Lesa Sroufe & Co’s investment portfolio, making the stock its 22nd largest holding. Lesa Sroufe & Co’s holdings in St. Joe were worth $2,792,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in St. Joe by 6.9% during the 4th quarter. Bank of New York Mellon Corp now owns 206,579 shares of the financial services provider’s stock valued at $2,720,000 after purchasing an additional 13,324 shares during the last quarter. Northern Trust Corp boosted its stake in St. Joe by 1.5% during the 4th quarter. Northern Trust Corp now owns 800,543 shares of the financial services provider’s stock valued at $10,544,000 after purchasing an additional 11,994 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in St. Joe by 18.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,848,278 shares of the financial services provider’s stock valued at $24,342,000 after purchasing an additional 292,503 shares during the last quarter. Geode Capital Management LLC boosted its stake in St. Joe by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 569,752 shares of the financial services provider’s stock valued at $7,503,000 after purchasing an additional 22,304 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in St. Joe by 12.4% during the 4th quarter. Two Sigma Advisers LP now owns 80,700 shares of the financial services provider’s stock valued at $1,063,000 after purchasing an additional 8,900 shares during the last quarter. Institutional investors own 94.01% of the company’s stock.

NYSE:JOE opened at $17.01 on Wednesday. The company has a market cap of $1.02 billion, a PE ratio of 100.06 and a beta of 0.96. The business has a 50 day moving average of $17.66. St. Joe Co has a 12 month low of $12.63 and a 12 month high of $19.65.

A number of equities analysts have issued reports on JOE shares. TheStreet downgraded St. Joe from a “b-” rating to a “c+” rating in a research note on Wednesday, May 29th. Zacks Investment Research upgraded St. Joe from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Monday, April 29th.

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

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