Bruce Berkowitz Sells 11,100 Shares of St. Joe (NYSE:JOE) Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 11,100 shares of St. Joe stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $71.27, for a total transaction of $791,097.00. Following the sale, the insider directly owned 16,140,024 shares of the company’s stock, valued at $1,150,299,510.48. This trade represents a 0.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

St. Joe Stock Up 0.8%

Shares of NYSE:JOE traded up $0.59 during midday trading on Friday, hitting $71.52. 156,441 shares of the stock were exchanged, compared to its average volume of 180,101. The company has a market capitalization of $4.13 billion, a PE ratio of 39.73 and a beta of 1.34. St. Joe Company has a 52-week low of $40.19 and a 52-week high of $71.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.25 and a current ratio of 2.25. The business’s fifty day simple moving average is $64.34 and its two-hundred day simple moving average is $56.90.

Hedge Funds Weigh In On St. Joe

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in St. Joe by 4.9% in the 1st quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider’s stock valued at $1,404,000 after buying an additional 1,384 shares during the last quarter. AQR Capital Management LLC increased its position in St. Joe by 152.4% during the first quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock worth $3,572,000 after acquiring an additional 45,939 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in St. Joe by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,459 shares of the financial services provider’s stock valued at $1,008,000 after purchasing an additional 951 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in St. Joe by 29.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,606 shares of the financial services provider’s stock valued at $4,113,000 after purchasing an additional 19,879 shares during the period. Finally, Intech Investment Management LLC grew its position in St. Joe by 45.8% in the 1st quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider’s stock worth $1,231,000 after purchasing an additional 8,235 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors.

More St. Joe News

Here are the key news stories impacting St. Joe this week:

• Positive Sentiment: St. Joe broke ground on a third Watersound Real Estate sales center at Watersound West Bay Center — expansion of its boutique brokerage increases on‑the‑ground sales capacity for new communities and supports near‑term lot/home sales and marketing momentum. Article Title
• Neutral Sentiment: Local and community headlines (high‑school sports, school board items, community facility openings) are being reported for St. Joseph areas but are unlikely to move the stock materially. Article Title
• Negative Sentiment: Major shareholder Bruce R. Berkowitz sold a series of blocks of JOE shares Feb. 18–20 totaling ~16,000 shares at ~ $71 per share (aggregate proceeds ≈ $1.14M). The disposals reduce his stake by roughly 0.10% overall — a small percentage that signals liquidity taking rather than a change in control, but investors sometimes interpret insider selling as a modest near‑term negative signal. SEC Filing

Wall Street Analysts Forecast Growth

JOE has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. Wall Street Zen upgraded shares of St. Joe from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, St. Joe has a consensus rating of “Buy”.

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.