St. Joe Company (The) $JOE Shares Sold by Fairholme Capital Management LLC

Fairholme Capital Management LLC cut its holdings in St. Joe Company (The) (NYSE:JOE) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,578,367 shares of the financial services provider’s stock after selling 625,800 shares during the period. St. Joe makes up 78.2% of Fairholme Capital Management LLC’s investment portfolio, making the stock its biggest holding. Fairholme Capital Management LLC owned 33.90% of St. Joe worth $968,738,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of St. Joe by 3.1% in the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after buying an additional 179,877 shares during the last quarter. State Street Corp increased its holdings in shares of St. Joe by 0.7% during the 2nd quarter. State Street Corp now owns 1,396,004 shares of the financial services provider’s stock valued at $66,589,000 after acquiring an additional 9,301 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of St. Joe by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 957,098 shares of the financial services provider’s stock valued at $45,658,000 after acquiring an additional 23,320 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its stake in shares of St. Joe by 1.0% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 555,891 shares of the financial services provider’s stock valued at $26,516,000 after acquiring an additional 5,552 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of St. Joe by 54.7% in the 3rd quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock valued at $20,160,000 after acquiring an additional 144,121 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JOE shares. Wall Street Zen cut St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

St. Joe Trading Up 1.7%

Shares of JOE opened at $70.57 on Monday. The stock’s 50-day moving average price is $67.59 and its 200 day moving average price is $59.26. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 35.29 and a beta of 1.30. St. Joe Company has a 12-month low of $40.19 and a 12-month high of $73.54.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.52 EPS for the quarter. The company had revenue of $128.89 million during the quarter. St. Joe had a return on equity of 15.23% and a net margin of 22.52%.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 9th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, March 9th. St. Joe’s payout ratio is 32.00%.

Insider Transactions at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 1,400 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $73.50, for a total value of $102,900.00. Following the completion of the transaction, the insider owned 16,094,724 shares in the company, valued at approximately $1,182,962,214. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 170,900 shares of company stock valued at $11,521,497. Insiders own 38.80% of the company’s stock.

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.