St. Joe (NYSE:JOE) Major Shareholder Bruce Berkowitz Sells 11,100 Shares

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 11,100 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $71.27, for a total value of $791,097.00. Following the transaction, the insider owned 16,140,024 shares in the company, valued at $1,150,299,510.48. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

St. Joe Price Performance

Shares of NYSE:JOE traded up $0.59 during midday trading on Friday, reaching $71.52. 156,441 shares of the company’s stock were exchanged, compared to its average volume of 180,101. The firm has a market capitalization of $4.13 billion, a PE ratio of 39.73 and a beta of 1.34. The company’s 50 day simple moving average is $64.34 and its two-hundred day simple moving average is $56.90. St. Joe Company has a 12 month low of $40.19 and a 12 month high of $71.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.25 and a current ratio of 2.25.

Analysts Set New Price Targets

Several brokerages have issued reports on JOE. Wall Street Zen upgraded St. Joe from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of St. Joe in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, St. Joe has an average rating of “Buy”.

Hedge Funds Weigh In On St. Joe

Several institutional investors and hedge funds have recently made changes to their positions in JOE. Vanguard Group Inc. increased its holdings in shares of St. Joe by 3.1% in 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 in the last quarter. State Street Corp grew its position in shares of St. Joe by 1.5% in the 4th quarter. State Street Corp now owns 1,430,583 shares of the financial services provider’s stock valued at $84,934,000 after purchasing an additional 21,309 shares during the period. Geode Capital Management LLC grew its position in shares of St. Joe by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 994,963 shares of the financial services provider’s stock valued at $59,081,000 after purchasing an additional 11,621 shares during the period. Horizon Kinetics Asset Management LLC increased its stake in St. Joe by 1.0% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 555,891 shares of the financial services provider’s stock worth $26,516,000 after purchasing an additional 5,552 shares in the last quarter. Finally, Nitor Capital Management LLC bought a new position in St. Joe in the fourth quarter valued at approximately $31,789,000. Institutional investors and hedge funds own 86.67% of the company’s stock.

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

About St. Joe

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.