Fairholme Funds & Bruce Berkowitz Continue Selling ST JOE Co Shares
Summary
Major beneficial owner Fairholme Capital Management and Bruce Berkowitz disclosed additional sales of ST JOE Co shares totaling $40.74 million, continuing a trend of reducing their stake.
Key Events
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Significant Share Sales
Fairholme Capital Management, Bruce R. Berkowitz, and Fairholme Funds, Inc. sold 622,200 shares of ST JOE Co common stock.
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Total Transaction Value
The sales amounted to approximately $40.74 million, executed in open-market transactions between May 8 and June 18, 2026.
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Continued Stake Reduction
This filing indicates a continued reduction in the beneficial ownership stake held by these major investors, following previous sales reported in May.
Analysis
Fairholme Capital Management, Bruce R. Berkowitz, and Fairholme Funds, Inc., significant beneficial owners, reported the sale of 622,200 shares of ST JOE Co common stock for approximately $40.74 million. These open-market sales occurred between May 8, 2026, and June 18, 2026, and represent a continued reduction in their stake, following previous disclosures of sales.
At the time of this filing, JOE was trading at $66.31 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3.8B. The 52-week trading range was $45.83 to $73.54. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.