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Fairholme Funds Inc., under the management of Bruce R. Berkowitz, has recently sold a significant portion of its holdings in St Joe Co (NYSE:JOE), a company currently trading at a P/E ratio of 36.8x. According to a recent SEC filing, the fund disposed of a total of 220,400 shares over three days, from March 18 to March 20, 2025, at prices ranging from $47.00 to $47.01 per share. InvestingPro analysis suggests the stock is currently fairly valued, with a "GOOD" overall financial health score. This transaction amounted to a total value of approximately $10.36 million. Following these sales, Fairholme Funds now holds 16,940,624 shares of St Joe Co, which has demonstrated strong fundamentals with a 16.7% dividend growth and five consecutive years of dividend increases. The sales were executed as part of the fund’s routine portfolio management activities. Discover more valuable insights about JOE and other stocks with InvestingPro, which offers 7 additional key investment tips for informed decision-making.
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