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Bruce R. Berkowitz, a significant shareholder in St Joe Co (NYSE:JOE), has reported the sale of 188,700 shares of common stock across three transactions on March 5, 6, and 7, 2025. The sales were executed at prices ranging from $47.06 to $47.11 per share, amounting to a total transaction value of approximately $8.89 million. The real estate development company, currently valued at $2.75 billion, trades at a relatively high P/E ratio of 37x, with InvestingPro analysis suggesting the stock is slightly overvalued at current levels.
Following these transactions, Berkowitz’s holdings in St Joe Co have decreased to 17,162,524 shares. The sales were conducted through The Fairholme Fund, a series of Fairholme Funds, Inc., where Berkowitz has beneficial ownership due to his control of Fairholme Capital Management, LLC, the investment manager for the fund. InvestingPro data shows the company maintains a GOOD financial health score, with liquid assets exceeding short-term obligations and moderate debt levels. However, Berkowitz and Fairholme disclaim beneficial ownership except to the extent of their pecuniary interest.
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