Fairholme Capital Management L Purchases 194,600 Shares of St. Joe Company (The) (JOE) Stock

St. Joe Company (The) (NYSE:JOE) Director Fairholme Capital Management L purchased 194,600 shares of St. Joe stock in a transaction on Tuesday, December 5th. The stock was bought at an average cost of $18.47 per share, with a total value of $3,594,262.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Fairholme Capital Management L also recently made the following trade(s):

  • On Friday, December 1st, Fairholme Capital Management L purchased 41,900 shares of St. Joe stock. The stock was bought at an average cost of $18.44 per share, with a total value of $772,636.00.
  • On Wednesday, November 29th, Fairholme Capital Management L purchased 43,200 shares of St. Joe stock. The stock was bought at an average cost of $18.75 per share, with a total value of $810,000.00.
  • On Monday, November 27th, Fairholme Capital Management L purchased 57,100 shares of St. Joe stock. The stock was bought at an average cost of $19.00 per share, with a total value of $1,084,900.00.
  • On Monday, November 20th, Fairholme Capital Management L purchased 50,000 shares of St. Joe stock. The stock was bought at an average cost of $18.67 per share, with a total value of $933,500.00.
  • On Wednesday, November 22nd, Fairholme Capital Management L purchased 200,000 shares of St. Joe stock. The stock was bought at an average cost of $18.83 per share, with a total value of $3,766,000.00.
  • On Friday, November 17th, Fairholme Capital Management L purchased 16,500 shares of St. Joe stock. The stock was bought at an average cost of $18.65 per share, with a total value of $307,725.00.
  • On Wednesday, November 15th, Fairholme Capital Management L purchased 50,000 shares of St. Joe stock. The stock was bought at an average cost of $18.32 per share, with a total value of $916,000.00.
  • On Thursday, November 9th, Fairholme Capital Management L purchased 59,050 shares of St. Joe stock. The stock was bought at an average cost of $17.84 per share, with a total value of $1,053,452.00.
  • On Monday, November 13th, Fairholme Capital Management L purchased 154,200 shares of St. Joe stock. The stock was bought at an average cost of $17.98 per share, with a total value of $2,772,516.00.

St. Joe Company (JOE) opened at $18.55 on Thursday. The company has a market cap of $1,230.26, a PE ratio of 56.21 and a beta of 0.91. St. Joe Company has a 1-year low of $16.30 and a 1-year high of $21.90.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $33.60 million during the quarter, compared to the consensus estimate of $25.80 million. St. Joe had a net margin of 24.82% and a return on equity of 3.71%. equities analysts predict that St. Joe Company will post 0.25 EPS for the current year.

St. Joe declared that its board has approved a share repurchase program on Thursday, September 21st that allows the company to buyback $66.00 million in shares. This buyback authorization allows the financial services provider to repurchase up to 5.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

A number of brokerages have weighed in on JOE. Zacks Investment Research downgraded shares of St. Joe from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. BidaskClub downgraded shares of St. Joe from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th.

Large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new position in shares of St. Joe during the 2nd quarter worth about $184,654,000. State Street Corp lifted its holdings in shares of St. Joe by 5.8% during the 2nd quarter. State Street Corp now owns 1,063,097 shares of the financial services provider’s stock worth $19,937,000 after acquiring an additional 57,881 shares during the period. Brandes Investment Partners LP lifted its holdings in shares of St. Joe by 9.4% during the 2nd quarter. Brandes Investment Partners LP now owns 2,034,434 shares of the financial services provider’s stock worth $38,153,000 after acquiring an additional 175,221 shares during the period. Fairholme Capital Management LLC lifted its holdings in shares of St. Joe by 4.4% during the 2nd quarter. Fairholme Capital Management LLC now owns 25,484,557 shares of the financial services provider’s stock worth $477,835,000 after acquiring an additional 1,083,400 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of St. Joe by 77.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 155,138 shares of the financial services provider’s stock worth $2,908,000 after acquiring an additional 67,800 shares during the period. 92.69% of the stock is owned by institutional investors.

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About St. Joe

The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.

Insider Buying and Selling by Quarter for St. Joe (NYSE:JOE)

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