Fairholme funds sells St Joe Co (JOE) shares worth $17.8m

Fairholme Funds INC, a ten percent owner in St. Joe Co (NYSE:JOE), has sold 340,600 shares of common stock in three separate transactions, amassing $17.8 million. The sales occurred between August 12 and August 14, with prices ranging from $50.57 to $51.44. The real estate development company, currently valued at $2.93 billion, has shown strong momentum with a 13.55% gain year-to-date, though InvestingPro analysis suggests the stock is trading near its Fair Value.

On August 12, the entity sold 139,100 shares at $50.57 per share. Followed by another sale on August 13, of 167,500 shares at $51.44 per share. The final transaction occurred on August 14, with 44,000 shares sold at $50.72 per share. Despite the insider selling, St. Joe maintains a GOOD financial health score according to InvestingPro metrics, with liquid assets exceeding short-term obligations and moderate debt levels.

Following these transactions, Fairholme Funds INC directly holds 606,866 shares and indirectly holds 16,590,024 shares of St. Joe Co. Bruce R. Berkowitz may be deemed to have beneficial ownership of the indirectly held securities. Get deeper insights into JOE’s valuation and growth prospects with the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, St. Joe Company reported a strong second quarter for 2025, with a notable 16% increase in revenue. The company also saw a 20% growth in net income, indicating solid financial health. Earnings per share were reported at $0.51, aligning with market expectations. These results highlight the company’s robust performance and strategic initiatives. Investors reacted positively to the earnings release. The company’s stock performance post-earnings release was not detailed here. These developments underscore the company’s current financial position and market perception.

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