Gamco Investors INC. ET AL Sells 75,400 Shares of St. Joe Co (NYSE:JOE)

Gamco Investors INC. ET AL trimmed its position in shares of St. Joe Co (NYSE:JOE) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,427,900 shares of the financial services provider’s stock after selling 75,400 shares during the quarter. Gamco Investors INC. ET AL owned approximately 2.37% of St. Joe worth $24,674,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of JOE. Bank of America Corp DE raised its holdings in St. Joe by 5.5% in the 4th quarter. Bank of America Corp DE now owns 144,417 shares of the financial services provider’s stock worth $1,902,000 after acquiring an additional 7,466 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in St. Joe by 18.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,848,278 shares of the financial services provider’s stock worth $24,342,000 after acquiring an additional 292,503 shares during the last quarter. Norges Bank purchased a new position in St. Joe in the 4th quarter worth approximately $6,506,000. Investors Research Corp purchased a new position in St. Joe in the 1st quarter worth approximately $46,000. Finally, BNP Paribas Arbitrage SA raised its holdings in St. Joe by 133.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,183 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 4,112 shares during the last quarter. 93.65% of the stock is currently owned by institutional investors and hedge funds.

JOE has been the subject of a number of research reports. TheStreet lowered shares of St. Joe from a “b-” rating to a “c+” rating in a research note on Wednesday, May 29th. Zacks Investment Research upgraded shares of St. Joe from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Monday, April 29th.

JOE traded up $0.19 during mid-day trading on Monday, reaching $17.70. 18,195 shares of the company traded hands, compared to its average volume of 123,089. The stock has a market capitalization of $1.02 billion, a P/E ratio of 104.12 and a beta of 0.96. The company’s fifty day moving average price is $17.87 and its 200-day moving average price is $16.76. St. Joe Co has a 52-week low of $12.63 and a 52-week high of $19.65.

St. Joe Profile

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

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

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