St. Joe (NYSE:JOE) Reaches New 1-Year High – Time to Buy?

St. Joe Company (The) (NYSE:JOE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $70.63 and last traded at $70.4680, with a volume of 152204 shares. The stock had previously closed at $68.69.

Analyst Ratings Changes

Several equities analysts have recently weighed in on JOE shares. Wall Street Zen raised shares of St. Joe from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of St. Joe in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, St. Joe currently has an average rating of “Buy”.

St. Joe Price Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a 50 day simple moving average of $63.04 and a two-hundred day simple moving average of $56.04. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 39.15 and a beta of 1.34.

Insider Activity

In related news, major shareholder Bruce R. Berkowitz sold 13,900 shares of the company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $65.50, for a total value of $910,450.00. Following the completion of the sale, the insider owned 16,151,124 shares of the company’s stock, valued at approximately $1,057,898,622. This represents a 0.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 173,500 shares of company stock valued at $11,136,531 over the last ninety days. Corporate insiders own 38.80% of the company’s stock.

Hedge Funds Weigh In On St. Joe

Several institutional investors and hedge funds have recently bought and sold shares of JOE. Camelot Portfolios LLC purchased a new stake in shares of St. Joe in the 4th quarter valued at approximately $30,000. Financial Consulate Inc. acquired a new position in St. Joe in the third quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its position in St. Joe by 155.7% in the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 397 shares during the period. Parkside Financial Bank & Trust grew its position in St. Joe by 2,265.5% in the second quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 657 shares during the period. Finally, Quarry LP acquired a new stake in St. Joe during the third quarter worth $39,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

About St. Joe

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.