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

Fairholme Capital Management LLC lessened its stake in shares of The St. Joe Company (NYSE:JOE - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,617,467 shares of the financial services provider's stock after selling 528,600 shares during the quarter. St. Joe comprises approximately 78.4% of Fairholme Capital Management LLC's portfolio, making the stock its biggest position. Fairholme Capital Management LLC owned about 35.30% of St. Joe worth $926,343,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of JOE. Vanguard Group Inc. increased its holdings in St. Joe by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock valued at $278,449,000 after acquiring an additional 252,906 shares in the last quarter. Berkley W R Corp acquired a new stake in shares of St. Joe in the fourth quarter valued at approximately $9,415,000. Norges Bank acquired a new stake in shares of St. Joe in the fourth quarter valued at approximately $4,981,000. Raymond James Financial Inc. purchased a new position in shares of St. Joe during the 4th quarter worth approximately $4,657,000. Finally, Marshall Wace LLP purchased a new position in shares of St. Joe during the 4th quarter worth approximately $2,628,000. 86.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total value of $1,934,166.00. Following the sale, the insider now directly owns 17,310,124 shares of the company's stock, valued at $814,614,435.44. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 300,000 shares of company stock valued at $14,113,022 over the last ninety days. Corporate insiders own 0.32% of the company's stock.

St. Joe Price Performance

Shares of JOE traded up $0.04 during trading hours on Friday, reaching $44.49. 143,299 shares of the company traded hands, compared to its average volume of 221,474. The stock has a market capitalization of $2.59 billion, a PE ratio of 37.70 and a beta of 1.37. The stock has a fifty day simple moving average of $44.30 and a 200 day simple moving average of $46.80. The St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $64.69. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe (NYSE:JOE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The company had revenue of $94.20 million during the quarter.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.26%. St. Joe's dividend payout ratio (DPR) is 42.11%.

About St. Joe

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.