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

Fairholme Capital Management LLC cut its stake in shares of St. Joe Company (The) (NYSE:JOE) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,422,467 shares of the financial services provider’s stock after selling 155,900 shares during the period. St. Joe comprises approximately 80.4% of Fairholme Capital Management LLC’s investment portfolio, making the stock its biggest position. Fairholme Capital Management LLC owned approximately 0.34% of St. Joe worth $1,153,112,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Camelot Portfolios LLC acquired a new position in shares of St. Joe during the fourth quarter worth $30,000. Kestra Advisory Services LLC acquired a new position in shares of St. Joe during the fourth quarter worth $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of St. Joe by 155.7% during the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after buying an additional 397 shares in the last quarter. Quarry LP acquired a new position in shares of St. Joe during the third quarter worth $39,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of St. Joe by 31.8% during the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after buying an additional 236 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Stock Performance

Shares of St. Joe stock opened at $63.45 on Thursday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. St. Joe Company has a twelve month low of $45.83 and a twelve month high of $73.54. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 32.71 and a beta of 1.28. The company’s fifty day moving average is $65.76 and its 200 day moving average is $65.34.

St. Joe (NYSE:JOE) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share for the quarter. St. Joe had a net margin of 21.61% and a return on equity of 14.59%. The company had revenue of $99.04 million for the quarter.

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. St. Joe’s payout ratio is currently 32.99%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings cut shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Insider Buying and Selling at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 26,700 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $65.03, for a total transaction of $1,736,301.00. Following the sale, the insider owned 15,214,024 shares of the company’s stock, valued at approximately $989,367,980.72. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 859,600 shares of company stock valued at $56,360,049 over the last quarter. Insiders own 0.35% of the company’s stock.

About St. Joe

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.