Fairholme Capital Management L Purchases 154,200 Shares of St. Joe Company (The) (JOE) Stock

St. Joe Company (The) (NYSE:JOE) Director Fairholme Capital Management L acquired 154,200 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $17.98 per share, with a total value of $2,772,516.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, November 9th, Fairholme Capital Management L acquired 59,050 shares of St. Joe Company (The) stock. The shares were acquired at an average cost of $17.84 per share, with a total value of $1,053,452.00.

St. Joe Company (JOE) opened at $18.60 on Wednesday. St. Joe Company has a 12 month low of $16.30 and a 12 month high of $21.90. The firm has a market cap of $1,226.94, a P/E ratio of 56.06 and a beta of 0.88.

St. Joe Company (The) (NYSE:JOE) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. St. Joe Company (The) had a net margin of 24.82% and a return on equity of 3.71%. The business had revenue of $33.60 million during the quarter, compared to analysts’ expectations of $25.80 million. analysts anticipate that St. Joe Company will post 0.25 EPS for the current year.

St. Joe Company (The) declared that its Board of Directors has authorized a share buyback program on Thursday, September 21st that allows the company to buyback $66.00 million in shares. This buyback authorization allows the financial services provider to purchase up to 5.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

WARNING: “Fairholme Capital Management L Purchases 154,200 Shares of St. Joe Company (The) (JOE) Stock” was posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://transcriptdaily.com/2017/11/15/fairholme-capital-management-l-purchases-154200-shares-of-st-joe-company-the-joe-stock.html.

A number of brokerages have recently weighed in on JOE. BidaskClub cut shares of St. Joe Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research cut shares of St. Joe Company (The) from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 16th.

A number of hedge funds have recently added to or reduced their stakes in the business. Fairholme Capital Management LLC grew its stake in St. Joe Company (The) by 6.0% in the 3rd quarter. Fairholme Capital Management LLC now owns 27,002,485 shares of the financial services provider’s stock worth $508,997,000 after acquiring an additional 1,517,928 shares during the period. Diversified Investment Strategies LLC purchased a new stake in St. Joe Company (The) in the 3rd quarter worth approximately $2,622,000. Dimensional Fund Advisors LP grew its stake in St. Joe Company (The) by 21.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,131,376 shares of the financial services provider’s stock worth $21,328,000 after acquiring an additional 197,196 shares during the period. Wells Fargo & Company MN grew its stake in St. Joe Company (The) by 56.8% in the 3rd quarter. Wells Fargo & Company MN now owns 151,688 shares of the financial services provider’s stock worth $2,860,000 after acquiring an additional 54,962 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in St. Joe Company (The) in the 3rd quarter worth approximately $1,058,000.

St. Joe Company (The) Company Profile

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.

Receive News & Ratings for St. Joe Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for St. Joe Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply