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

Fairholme Capital Management LLC cut its stake in St. Joe Company (The) (NYSE:JOE) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,422,467 shares of the financial services provider’s stock after selling 155,900 shares during the period. St. Joe makes up 80.4% of Fairholme Capital Management LLC’s holdings, making the stock its largest position. Fairholme Capital Management LLC owned approximately 33.64% of St. Joe worth $1,153,112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of JOE. Nitor Capital Management LLC acquired a new position in shares of St. Joe during the 4th quarter worth about $31,789,000. Vanguard Group Inc. lifted its position in St. Joe by 3.1% during the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after acquiring an additional 179,877 shares during the last quarter. Victory Capital Management Inc. lifted its position in St. Joe by 54.7% during the third quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock worth $20,160,000 after acquiring an additional 144,121 shares during the last quarter. Select Equity Group L.P. acquired a new stake in St. Joe during the second quarter worth approximately $6,347,000. Finally, AQR Capital Management LLC raised its position in shares of St. Joe by 155.9% in the second quarter. AQR Capital Management LLC now owns 194,664 shares of the financial services provider’s stock valued at $9,285,000 after buying an additional 118,580 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JOE has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Wall Street Zen cut shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

St. Joe Stock Down 1.4%

Shares of NYSE JOE opened at $63.45 on Thursday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.72. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 32.71 and a beta of 1.28. St. Joe Company has a 12 month low of $45.83 and a 12 month high of $73.54. The stock has a 50-day moving average price of $65.76 and a two-hundred day moving average price of $65.34.

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

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, June 9th. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. St. Joe’s dividend payout ratio is 32.99%.

Insider Activity

In other news, major shareholder Bruce R. Berkowitz sold 189,200 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $65.78, for a total transaction of $12,445,576.00. Following the completion of the transaction, the insider directly owned 15,884,424 shares in the company, valued at approximately $1,044,877,410.72. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 859,600 shares of company stock worth $56,360,049 in the last three months. 0.35% of the stock is currently owned by corporate insiders.

St. Joe 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.