RMR Capital Management LLC Has $1.96 Million Stock Position in The St. Joe Company (NYSE:JOE)

RMR Capital Management LLC increased its stake in shares of The St. Joe Company (NYSE:JOE) by 7.5% in the fourth quarter, Holdings Channel reports. The firm owned 43,584 shares of the financial services provider’s stock after buying an additional 3,058 shares during the quarter. St. Joe accounts for approximately 1.4% of RMR Capital Management LLC’s holdings, making the stock its 19th biggest holding. RMR Capital Management LLC’s holdings in St. Joe were worth $1,958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JOE. State Street Corp grew its holdings in shares of St. Joe by 5.7% in the 3rd quarter. State Street Corp now owns 1,396,046 shares of the financial services provider’s stock valued at $81,403,000 after buying an additional 75,374 shares during the period. Geode Capital Management LLC grew its stake in St. Joe by 2.7% in the third quarter. Geode Capital Management LLC now owns 898,637 shares of the financial services provider’s stock valued at $52,409,000 after acquiring an additional 23,973 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of St. Joe by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 357,655 shares of the financial services provider’s stock worth $20,855,000 after acquiring an additional 22,187 shares in the last quarter. JPMorgan Chase & Co. increased its stake in St. Joe by 30.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider’s stock worth $8,896,000 after purchasing an additional 35,600 shares in the last quarter. Finally, Old West Investment Management LLC raised its holdings in shares of St. Joe by 68.6% during the third quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider’s stock worth $7,427,000 after acquiring an additional 51,830 shares during the period. Institutional investors own 86.67% of the company’s stock.

Insider Activity

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 343,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $53.45, for a total value of $18,354,730.00. Following the completion of the transaction, the insider now directly owns 17,396,624 shares in the company, valued at $929,849,552.80. This trade represents a 1.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 38.80% of the stock is owned by corporate insiders.

St. Joe Stock Up 0.9 %

Shares of St. Joe stock opened at $48.90 on Thursday. The St. Joe Company has a 52-week low of $42.94 and a 52-week high of $64.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The business’s 50 day simple moving average is $47.24 and its 200 day simple moving average is $53.90. The firm has a market cap of $2.86 billion, a PE ratio of 41.44 and a beta of 1.27.

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. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.