Diversified Investment Strategies LLC Sells 910 Shares of The St. Joe Company (NYSE:JOE)

Diversified Investment Strategies LLC decreased its position in shares of The St. Joe Company (NYSE:JOE) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 281,957 shares of the financial services provider’s stock after selling 910 shares during the quarter. St. Joe comprises approximately 8.2% of Diversified Investment Strategies LLC’s investment portfolio, making the stock its 4th biggest holding. Diversified Investment Strategies LLC’s holdings in St. Joe were worth $12,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in shares of St. Joe during the third quarter worth about $35,000. Blue Trust Inc. increased its holdings in shares of St. Joe by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 615 shares during the last quarter. US Bancorp DE raised its position in shares of St. Joe by 163.6% in the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 700 shares during the period. KBC Group NV raised its holdings in St. Joe by 35.8% in the 3rd quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 391 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of St. Joe by 39.8% during the third quarter. GAMMA Investing LLC now owns 1,693 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 482 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

Insider Buying and Selling at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 343,400 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $53.45, for a total transaction of $18,354,730.00. Following the completion of the sale, the insider now directly owns 17,396,624 shares in the company, valued at $929,849,552.80. This represents a 1.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 38.80% of the company’s stock.

St. Joe Trading Up 0.4 %

Shares of St. Joe stock opened at $49.38 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $2.88 billion, a PE ratio of 41.88 and a beta of 1.27. The firm has a 50-day moving average of $47.27 and a 200-day moving average of $53.93. The St. Joe Company has a 52-week low of $42.94 and a 52-week high of $64.69.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.