Alpha Windward Buys Shares of 22,020 St. Joe Co (JOE)
Alpha Windward bought a new stake in shares of St. Joe Co (NYSE:JOE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,020 shares of the company’s stock, valued at approximately $408,000.
Several other large investors also recently made changes to their positions in JOE. Quantitative Systematic Strategies bought a new stake in shares of St. Joe during the fourth quarter valued at approximately $302,000. Beacon Capital Management bought a new stake in shares of St. Joe during the fourth quarter valued at approximately $0. Finally, Assetmark bought a new stake in shares of St. Joe during the third quarter valued at approximately $0.
Shares of St. Joe Co (NYSE:JOE) opened at 15.91 on Friday. The stock’s market capitalization is $1.20 billion. St. Joe Co has a 12-month low of $14.94 and a 12-month high of $21.64. The firm’s 50-day moving average price is $17.18 and its 200 day moving average price is $18.11.
St. Joe (NYSE:JOE) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $27.80 million for the quarter, compared to analyst estimates of $29 million. Analysts predict that St. Joe Co will post ($0.01) EPS for the current fiscal year.
Several equities research analysts have issued reports on JOE shares. Zacks Investment Research downgraded St. Joe from a “buy” rating to a “hold” rating in a report on Tuesday, November 10th. Raymond James downgraded St. Joe from an “outperform” rating to a “market perform” rating in a report on Monday, October 26th.
The St. Joe Company is a real estate development and operating company. The Company owns land concentrated primarily between Tallahassee and Destin, Florida. The Company has residential and commercial land-use entitlements in hand or in process. The Company operates in four operating segments: residential real estate; commercial real estate; resorts, leisure and leasing operations, and forestry. The Company’s residential real estate segment typically plans and develops mixed-use resort, primary and seasonal residential communities of various sizes, primarily on the Company’s existing land. The Company’s commercial real estate segment plans, develops, manages and sells real estate, including commercial operating property, for commercial purposes. The Company’s resorts, leisure and leasing operations segment includes its resort and leisure businesses, and its leasing operations. The Company’s forestry segment focuses on the management of its timber holdings in Northwest Florida.

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