Fairholme Capital Management L Purchases 41,900 Shares of St. Joe Co (JOE) Stock

St. Joe Co (NYSE:JOE) Director Fairholme Capital Management L bought 41,900 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was bought at an average cost of $18.44 per share, for a total transaction of $772,636.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Friday, December 8th, Fairholme Capital Management L bought 106,300 shares of St. Joe stock. The stock was bought at an average cost of $18.49 per share, for a total transaction of $1,965,487.00.
  • On Tuesday, December 5th, Fairholme Capital Management L bought 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 bought 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 bought 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 acquired 50,000 shares of St. Joe stock. The shares were acquired 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 acquired 200,000 shares of St. Joe stock. The shares were acquired 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 acquired 16,500 shares of St. Joe stock. The shares were acquired 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 acquired 50,000 shares of St. Joe stock. The shares were acquired 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 acquired 59,050 shares of St. Joe stock. The shares were acquired 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 acquired 154,200 shares of St. Joe stock. The shares were acquired at an average cost of $17.98 per share, for a total transaction of $2,772,516.00.

St. Joe Co (JOE) opened at $18.50 on Friday. St. Joe Co has a twelve month low of $16.30 and a twelve month high of $21.05. The firm has a market capitalization of $1,216.99, a price-to-earnings ratio of 55.61 and a beta of 0.91.

St. Joe (NYSE:JOE) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The company 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%.

St. Joe announced that its board has approved a share buyback program on Thursday, September 21st that permits the company to buyback $66.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Separately, Zacks Investment Research lowered St. Joe from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in St. Joe during the third quarter worth $929,000. Valeo Financial Advisors LLC purchased a new stake in St. Joe during the third quarter worth $394,000. Fairholme Capital Management LLC boosted its position in St. Joe by 6.0% during the third quarter. Fairholme Capital Management LLC now owns 27,002,485 shares of the financial services provider’s stock worth $508,997,000 after purchasing an additional 1,517,928 shares in the last quarter. Diversified Investment Strategies LLC purchased a new stake in St. Joe during the third quarter worth $2,622,000. Finally, Dimensional Fund Advisors LP boosted its position in St. Joe by 21.1% during the third 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. Institutional investors own 92.69% of the company’s stock.

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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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