St Joe Co (JOE) Shareholder Fairholme Capital Management LLC Trimmed Stake as Market Value Declined

June 17, 2018 - By Stephen Andrade

The St. Joe Company (NYSE:JOE) LogoInvestors sentiment decreased to 1.26 in 2018 Q1. Its down 0.36, from 1.62 in 2017Q4. It dived, as 10 investors sold JOE shares while 32 reduced holdings. 17 funds opened positions while 36 raised stakes. 60.33 million shares or 1.74% less from 61.40 million shares in 2017Q4 were reported. Holt Advsrs Limited Liability Company Dba Holt Partners Lp holds 23,650 shares. 135,214 were accumulated by Deutsche Financial Bank Ag. Bnp Paribas Arbitrage Sa has invested 0% in The St. Joe Company (NYSE:JOE). Alliancebernstein Ltd Partnership owns 63,400 shares. Price T Rowe Assoc Inc Md, a Maryland-based fund reported 2.90M shares. Gradient Lc stated it has 0% of its portfolio in The St. Joe Company (NYSE:JOE). National Bank Of Montreal Can stated it has 3,255 shares. Ubs Asset Mgmt Americas Inc has invested 0% in The St. Joe Company (NYSE:JOE). Millennium Management Ltd stated it has 0.01% in The St. Joe Company (NYSE:JOE). Cibc World invested in 32,665 shares. D E Shaw And reported 310,998 shares. Bridgeway Mgmt has 0% invested in The St. Joe Company (NYSE:JOE). Diversified Strategies Ltd Llc holds 267,725 shares. United Kingdom-based Barclays Public Lc has invested 0% in The St. Joe Company (NYSE:JOE). Brandes Invest Partners Limited Partnership invested in 0.75% or 1.87M shares.

Since March 6, 2018, it had 14 insider buys, and 0 sales for $2.06 million activity. $13,685 worth of The St. Joe Company (NYSE:JOE) was bought by ALVAREZ CESAR L on Friday, March 16. Another trade for 5,300 shares valued at $102,820 was bought by FAIRHOLME CAPITAL MANAGEMENT LLC. 10,000 The St. Joe Company (NYSE:JOE) shares with value of $175,000 were bought by FRANK HOWARD S. 1,000 shares were bought by Borick Kenneth, worth $16,770. Shares for $9,873 were bought by Bakun Marek on Friday, April 27. Murphy Patrick Wayne had bought 1,812 shares worth $35,008.

Bruce Berkowitz decreased its stake in St Joe Co (JOE) by 1.49% based on its latest 2018Q1 regulatory filing with the SEC. Fairholme Capital Management Llc sold 415,719 shares as the company’s stock declined 0.82% with the market. The hedge fund run by Bruce Berkowitz held 27.48M shares of the homebuilding company at the end of 2018Q1, valued at $518.03 million, down from 27.90M at the end of the previous reported quarter. Fairholme Capital Management Llc who had been investing in St Joe Co for a number of months, seems to be less bullish one the $1.16B market cap company. The stock decreased 0.28% or $0.05 during the last trading session, reaching $17.95. About 360,978 shares traded. The St. Joe Company (NYSE:JOE) has risen 3.14% since June 17, 2017 and is uptrending. It has underperformed by 9.43% the S&P500.

Analysts await The St. Joe Company (NYSE:JOE) to report earnings on August, 2. They expect $0.05 EPS, down 66.67 % or $0.10 from last year’s $0.15 per share. JOE’s profit will be $3.23 million for 89.75 P/E if the $0.05 EPS becomes a reality. After $0.01 actual EPS reported by The St. Joe Company for the previous quarter, Wall Street now forecasts 400.00 % EPS growth.

More news for The St. Joe Company (NYSE:JOE) were recently published by: Seekingalpha.com, which released: “The Dangers Of Portfolio Concentration” on May 26, 2018. Seekingalpha.com‘s article titled: “St. Joe Is A Long-Term Value Investor’s Dream” and published on June 13, 2018 is yet another important article.

The St. Joe Company (NYSE:JOE) Institutional Positions Chart

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