St Joe Co (JOE) Shareholder Fairholme Capital Management LLC Lowered Position as Stock Declined

June 17, 2018 - By Migdalia James

The St. Joe Company (NYSE:JOE) LogoInvestors sentiment decreased to 1.26 in Q1 2018. Its down 0.36, from 1.62 in 2017Q4. It is negative, 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. State Street accumulated 0% or 956,085 shares. Parametric Portfolio Limited Liability accumulated 57,183 shares. Peak6 Investments Lp holds 1,185 shares. Great West Life Assurance Commerce Can has invested 0% of its portfolio in The St. Joe Company (NYSE:JOE). Gabelli Funds Ltd Llc holds 0.12% of its portfolio in The St. Joe Company (NYSE:JOE) for 1.10 million shares. Citadel Advisors Lc holds 0% of its portfolio in The St. Joe Company (NYSE:JOE) for 85,913 shares. Amer Grp Inc holds 28,372 shares. Citigroup Inc reported 3,988 shares. Trexquant Invest LP reported 0.02% in The St. Joe Company (NYSE:JOE). Ameritas Partners Inc stated it has 3,749 shares or 0% of all its holdings. Goldman Sachs Group holds 173,467 shares or 0% of its portfolio. State Board Of Administration Of Florida Retirement System has 57,283 shares for 0% of their portfolio. Amundi Pioneer Asset Management has 0% invested in The St. Joe Company (NYSE:JOE) for 25,787 shares. Bnp Paribas Arbitrage Sa invested in 9,491 shares or 0% of the stock. Royal Savings Bank Of Canada has 17,000 shares.

Since March 6, 2018, it had 14 buys, and 0 sales for $2.06 million activity. 1,036 The St. Joe Company (NYSE:JOE) shares with value of $20,016 were bought by Bakun Marek. The insider FAIRHOLME CAPITAL MANAGEMENT LLC bought 13,000 shares worth $249,925. ALVAREZ CESAR L bought $13,685 worth of stock. Shares for $49,640 were bought by Gonzalez Jorge Luis on Monday, April 30. 3,106 shares valued at $60,008 were bought by Borick Kenneth on Thursday, March 15. Shares for $175,000 were bought by FRANK HOWARD S on Wednesday, May 2.

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 27.48 million 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 earnings per share, 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 earnings per share 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: “St. Joe Is A Long-Term Value Investor’s Dream” on June 13, 2018. Seekingalpha.com‘s article titled: “The Dangers Of Portfolio Concentration” and published on May 26, 2018 is yet another important article.

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

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