St. Joe (NYSE:JOE) Hits New 52-Week High – Here’s Why

St. Joe Company (The) (NYSE:JOE) shares reached a new 52-week high on Tuesday . The stock traded as high as $71.90 and last traded at $70.3360, with a volume of 3552 shares changing hands. The stock had previously closed at $70.18.

Analyst Ratings Changes

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

St. Joe Stock Performance

The firm has a market cap of $4.08 billion, a P/E ratio of 39.28 and a beta of 1.34. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average is $64.17 and its two-hundred day moving average is $56.80.

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 13,900 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $65.50, for a total transaction of $910,450.00. Following the transaction, the insider directly owned 16,151,124 shares in the company, valued at approximately $1,057,898,622. This trade represents a 0.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 173,500 shares of company stock worth $11,136,531 in the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in St. Joe by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock valued at $294,866,000 after buying an additional 179,877 shares during the last quarter. State Street Corp lifted its holdings in St. Joe by 1.5% during the fourth quarter. State Street Corp now owns 1,430,583 shares of the financial services provider’s stock worth $84,934,000 after acquiring an additional 21,309 shares during the period. Geode Capital Management LLC boosted its position in St. Joe by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 994,963 shares of the financial services provider’s stock worth $59,081,000 after purchasing an additional 11,621 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its position in shares of St. Joe by 1.0% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 555,891 shares of the financial services provider’s stock valued at $26,516,000 after purchasing an additional 5,552 shares during the last quarter. Finally, Nitor Capital Management LLC bought a new stake in shares of St. Joe during the 4th quarter worth $31,789,000. 86.67% of the stock is owned by institutional investors.

St. Joe Company Profile

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.