Key Points
- Bruce Berkowitz, a major shareholder, sold 11,100 JOE shares on Feb. 18 at an average of $71.27 for $791,097, and sold roughly 16,000 shares across Feb. 18–20 (~$1.14M), trimming his stake by about 0.07–0.10%—a small reduction that appears to be liquidity taking rather than a change in control.
- St. Joe has a market cap of $4.13 billion, a P/E of 39.73 and a 52‑week range of $40.19–$71.90, with institutional investors owning about 86.7% of the stock.
- The company broke ground on a third Watersound Real Estate sales center to boost on‑the‑ground sales capacity, and analysts' consensus rating on JOE is "Buy".
St. Joe Company (The) (NYSE:JOE - Get Free Report) major shareholder Bruce Berkowitz sold 1,000 shares of the business's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $71.51, for a total transaction of $71,510.00. Following the completion of the transaction, the insider owned 16,135,124 shares of the company's stock, valued at approximately $1,153,822,717.24. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
St. Joe Stock Performance
NYSE:JOE opened at $71.52 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.25 and a current ratio of 2.25. St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $71.90. The stock has a market capitalization of $4.13 billion, a PE ratio of 39.73 and a beta of 1.34. The company has a fifty day moving average of $64.52 and a two-hundred day moving average of $57.05.
St. Joe News Summary
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
Hedge Funds Weigh In On St. Joe
Several hedge funds have recently added to or reduced their stakes in JOE. Camelot Portfolios LLC purchased a new stake in St. Joe during the 4th quarter worth about $30,000. Kestra Advisory Services LLC acquired a new stake in shares of St. Joe during the 4th quarter worth $32,000. Financial Consulate Inc. acquired a new stake in St. Joe during the 3rd quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of St. Joe by 155.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 397 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of St. Joe by 2,265.5% in the second quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider's stock worth $33,000 after buying an additional 657 shares during the period. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of St. Joe in a research report on Monday, December 29th. Wall Street Zen upgraded St. Joe from a "hold" rating to a "buy" rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy".
Get Our Latest Research Report on JOE
St. Joe Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
