Trexquant Investment LP Increases Stake in St. Joe (JOE)

Trexquant Investment LP grew its position in shares of St. Joe (NYSE:JOE) by 25.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,833 shares of the financial services provider’s stock after buying an additional 3,248 shares during the quarter. Trexquant Investment LP’s holdings in St. Joe were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in JOE. Schwab Charles Investment Management Inc. lifted its holdings in shares of St. Joe by 1.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 292,033 shares of the financial services provider’s stock valued at $5,272,000 after buying an additional 4,837 shares during the last quarter. Unison Advisors LLC acquired a new stake in St. Joe in the 4th quarter worth approximately $284,000. CIBC World Markets Inc. lifted its holdings 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 purchasing an additional 5,083 shares during the last quarter. Gabelli Funds LLC lifted its holdings in St. Joe by 3.8% in the 4th quarter. Gabelli Funds LLC now owns 1,100,500 shares of the financial services provider’s stock worth $19,864,000 after purchasing an additional 39,940 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in St. Joe by 17.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,444,244 shares of the financial services provider’s stock worth $26,069,000 after purchasing an additional 214,400 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

JOE opened at $17.90 on Friday. St. Joe has a twelve month low of $16.75 and a twelve month high of $20.00. The company has a market capitalization of $1.17 billion, a P/E ratio of -119.33 and a beta of 0.94.

St. Joe (NYSE:JOE) last posted its earnings results on Wednesday, April 25th. The financial services provider reported $0.01 earnings per share for the quarter. St. Joe had a return on equity of 2.10% and a net margin of 53.04%. The firm had revenue of $19.90 million during the quarter. analysts predict that St. Joe will post 0.08 earnings per share for the current year.

In other St. Joe news, Director Howard S. Frank purchased 10,000 shares of the company’s stock in a transaction on Wednesday, May 2nd. The shares were bought at an average cost of $17.50 per share, with a total value of $175,000.00. Following the transaction, the director now directly owns 30,000 shares in the company, valued at approximately $525,000. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jorge Luis Gonzalez purchased 7,764 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was acquired at an average cost of $19.32 per share, for a total transaction of $150,000.48. Following the completion of the transaction, the chief executive officer now owns 10,468 shares in the company, valued at $202,241.76. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 129,120 shares of company stock valued at $2,432,326. Corporate insiders own 33.83% of the company’s stock.

St. Joe Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Florida, the United States. It operates through four segments: Residential Real Estate, Resorts and Leisure, Commercial Leasing and Sales, and Forestry. The Residential Real Estate segment plans and develops residential communities of various sizes.

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

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