10% Owner Fairholme Funds Sells $24.8M in ST JOE Co Shares
JOE sits 53% above its 52-week low of $42.65.
Summary
Fairholme Funds Inc, a 10% owner of ST JOE Co, disposed of 377,800 shares totaling $24.8 million in open market sales over three days.
Key Events · Ownership and Investor Activity · JOE
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Significant Insider Sale
Fairholme Funds Inc, a 10% owner, sold 377,800 shares of ST JOE Co common stock for a total of $24,840,434 between May 5 and May 7, 2026, at prices ranging from $65.33 to $65.78 per share.
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Reduction in 10% Owner's Stake
This transaction represents a notable reduction in the holdings of a major institutional investor, occurring shortly after the company authorized a significant stock repurchase program.
Analysis · JOE · Real Estate & Construction
Fairholme Funds Inc, a 10% owner of ST JOE Co, executed a substantial open market sale of shares totaling $24.8 million. While sales by 10% owners, who are typically financial investors, are often driven by portfolio rebalancing rather than operational outlook, this transaction represents a significant reduction in their stake. This sale occurs shortly after the company's board authorized an additional $150.8 million for its stock repurchase program on May 4, creating a contrasting signal between an institutional investor reducing exposure and the company actively buying back its own shares.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, JOE was trading at $65.05 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $42.65 to $73.54. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.