Berkowitz and Fairholme funds sell $5.3 million in St Joe Co (JOE)

Bruce R. Berkowitz, controlling person of the sole member of Fairholme Capital Management, and Fairholme Funds Inc, a ten percent owner in St. Joe Co (NYSE:JOE), reported selling 104,100 shares of common stock on September 5, 2025. The shares were sold at a price of $51.08, totaling $5,317,428. The transaction occurred near the stock’s current trading price of $50.82, in a company with a market capitalization of $2.9 billion. According to InvestingPro, St. Joe maintains a "GREAT" financial health score and has delivered an 18.2% return year-to-date.

Following the transaction, Fairholme Funds Inc. directly owns 16,324,624 shares of St. Joe Co. common stock. Mr. Berkowitz directly owns 606,866 shares. The company has demonstrated strong fundamentals, with a consistent dividend growth track record and robust liquidity position. InvestingPro analysis reveals 7 additional key insights about St. Joe’s investment potential, available in the comprehensive Pro Research Report.

In other recent news, St. Joe Company announced a strong performance for the second quarter of 2025, with a notable 16% increase in revenue. The company also reported a 20% growth in net income, reflecting its successful operational strategies. Earnings per share (EPS) were reported at $0.51, aligning with market expectations. These results underscore the company’s robust financial health and its ability to meet analyst projections. St. Joe’s recent earnings report highlights its consistent growth trajectory, which has been well-received by investors. The company’s strategic initiatives appear to be contributing positively to its financial outcomes. This solid performance in the second quarter positions St. Joe favorably in the market.

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