24,600 Shares in The St. Joe Company (NYSE:JOE) Purchased by Rye Brook Capital LLC

Rye Brook Capital LLC bought a new stake in The St. Joe Company (NYSE:JOE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,600 shares of the financial services provider’s stock, valued at approximately $1,105,000. St. Joe comprises approximately 1.3% of Rye Brook Capital LLC’s portfolio, making the stock its 19th biggest position.

Several other large investors also recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new stake in shares of St. Joe during the third quarter valued at about $35,000. Blue Trust Inc. lifted its stake in St. Joe by 549.1% during the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 615 shares during the last quarter. US Bancorp DE grew its position in St. Joe by 163.6% during the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 700 shares during the last quarter. KBC Group NV grew its holdings in shares of St. Joe by 35.8% during the 3rd quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 391 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in St. Joe in the 3rd quarter worth $237,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Stock Performance

St. Joe stock opened at $47.99 on Wednesday. The firm has a fifty day simple moving average of $46.55 and a two-hundred day simple moving average of $52.47. The St. Joe Company has a twelve month low of $42.94 and a twelve month high of $64.69. The company has a market capitalization of $2.80 billion, a PE ratio of 40.67 and a beta of 1.28. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.

About St. Joe

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.