Fairholme Capital Management L Acquires 106,300 Shares of St. Joe Company (The) (JOE) Stock

St. Joe Company (The) (NYSE:JOE) Director Fairholme Capital Management L purchased 106,300 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $18.49 per share, for a total transaction of $1,965,487.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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, for a total transaction of $772,636.00.
  • On Tuesday, December 5th, Fairholme Capital Management L purchased 194,600 shares of St. Joe stock. The stock was bought at an average cost of $18.47 per share, for a total transaction of $3,594,262.00.
  • 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction of $2,772,516.00.

Shares of St. Joe Company (NYSE:JOE) remained flat at $$18.50 during trading on Friday. The company’s stock had a trading volume of 218,700 shares, compared to its average volume of 266,167. The firm has a market cap of $1,230.00, a price-to-earnings 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 $21.75.

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

St. Joe announced that its Board of Directors has approved a stock buyback program on Thursday, September 21st that allows the company to buyback $66.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy up to 5.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

JOE has been the topic of several research analyst reports. Zacks Investment Research downgraded St. Joe from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 16th. BidaskClub downgraded St. Joe from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th.

A number of institutional investors have recently modified their holdings of JOE. Janus Henderson Group PLC acquired a new stake in St. Joe during the 2nd quarter worth $184,654,000. Fairholme Capital Management LLC raised its stake in St. Joe by 6.0% during the 3rd quarter. Fairholme Capital Management LLC now owns 27,002,485 shares of the financial services provider’s stock worth $508,997,000 after buying an additional 1,517,928 shares during the period. JPMorgan Chase & Co. raised its stake in St. Joe by 116.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 774,961 shares of the financial services provider’s stock worth $14,919,000 after buying an additional 416,198 shares during the period. Dimensional Fund Advisors LP increased its holdings in St. Joe by 21.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,131,376 shares of the financial services provider’s stock worth $21,328,000 after purchasing an additional 197,196 shares in the last quarter. Finally, Brandes Investment Partners LP increased its holdings in 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 purchasing an additional 175,221 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

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St. Joe Company Profile

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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