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Bruce R. Berkowitz, a significant shareholder of St Joe Co (NYSE:JOE), recently sold 1,500 shares of the company’s common stock. The shares were sold at an average price of $47.16 each, totaling $70,740. The sale price represents a premium to the current trading price of $44.69. According to InvestingPro analysis, the stock is currently trading near its Fair Value, with a P/E ratio of 35.4x. Following this transaction, Berkowitz retains ownership of 17,161,024 shares indirectly through The Fairholme Fund, a series of Fairholme Funds, Inc., and 606,866 shares directly. The transactions reflect Berkowitz’s ongoing management of his investment in St Joe Co, a company engaged in land development and real estate. The company, with a market capitalization of $2.61 billion, maintains a GOOD financial health score according to InvestingPro, which has identified 7 additional key investment factors for JOE.
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