Bruce Berkowitz Sells 1,000 Shares of St. Joe (NYSE:JOE) Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 1,000 shares of St. Joe stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $71.51, for a total value of $71,510.00. Following the completion of the transaction, the insider owned 16,135,124 shares of the company’s stock, valued at $1,153,822,717.24. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

St. Joe Stock Up 0.8%

NYSE JOE traded up $0.59 on Friday, hitting $71.52. 156,441 shares of the stock traded hands, compared to its average volume of 180,101. The company has a market capitalization of $4.13 billion, a P/E ratio of 39.73 and a beta of 1.34. The stock has a 50-day moving average of $64.34 and a 200 day moving average of $56.90. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.75. St. Joe Company has a twelve month low of $40.19 and a twelve month high of $71.90.

Analyst Upgrades and Downgrades

JOE has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a report on Monday, December 29th. Wall Street Zen raised St. Joe from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, St. Joe presently has an average rating of “Buy”.

Hedge Funds Weigh In On St. Joe

Hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. grew its holdings in St. Joe by 47.6% in the 4th quarter. Invesco Ltd. now owns 169,191 shares of the financial services provider’s stock worth $10,045,000 after buying an additional 54,601 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of St. Joe in the fourth quarter worth $222,000. State of Tennessee Department of Treasury increased its holdings in shares of St. Joe by 23.6% during the fourth quarter. State of Tennessee Department of Treasury now owns 15,148 shares of the financial services provider’s stock valued at $899,000 after purchasing an additional 2,889 shares during the period. NewEdge Advisors LLC raised its stake in shares of St. Joe by 233.8% during the fourth quarter. NewEdge Advisors LLC now owns 24,290 shares of the financial services provider’s stock valued at $1,442,000 after purchasing an additional 17,013 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in St. Joe in the fourth quarter worth about $83,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting St. Joe

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

St. Joe Company Profile

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.