Learn Why Bruce Berkowitz’s Fairholme Capital Management Llc Purchased St Joe Co Stake?

December 9, 2017 - By Peter Erickson

 Learn Why Bruce Berkowitz's Fairholme Capital Management Llc Purchased St Joe Co Stake?

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.10, from 0.98 in 2017Q1. It dropped, as 11 investors sold The St. Joe Company shares while 30 reduced holdings. 13 funds opened positions while 23 raised stakes. 67.68 million shares or 0.53% more from 67.33 million shares in 2017Q1 were reported.

Raymond James Services Advisors invested in 0% or 11,839 shares. Bnp Paribas Arbitrage Sa owns 5,987 shares for 0% of their portfolio. Wells Fargo & Mn holds 96,726 shares. 7,800 are held by Qs Invsts Limited Company. 29,878 are owned by American Interest. Northern Tru Corporation stated it has 0% of its portfolio in The St. Joe Company (NYSE:JOE). Bridgeway Management Incorporated has 15,000 shares. Ubs Asset Mngmt Americas reported 29,283 shares. 100,301 were accumulated by Lafitte Capital Mngmt Lp. Sei Invests has 23 shares. D E Shaw & owns 23,758 shares. Nationwide Fund owns 28,959 shares. Voya Invest Limited Liability holds 0% or 24,786 shares. Citigroup Inc holds 0% or 3,666 shares. Fairholme Cap Lc has invested 48.67% of its portfolio in The St. Joe Company (NYSE:JOE).

The New Bruce Berkowitz’s Fairholme Capital Management Llc Holding in St Joe Co

Fairholme Capital Management Llc reported SC 13D/A form with the SEC for St Joe Co. Access it here: 000091957417008532. As reported by Bruce Berkowitz’s Fairholme Capital Management Llc, the filler owns 41.8% or 27,723,399 shares of the Finance-company.

St Joe Co stake is new for [reportingPerson]. Date of activity: December 6, 2017. This shows Bruce Berkowitz’s Fairholme Capital Management Llc’s positive view for St Joe Co. For a hedge fund managing $12.14 billion in assets and having 21+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Bruce Berkowitz’s Fairholme Capital Management Llc’s portfolio is in the sector.

Reasons Why Bruce Berkowitz’s Fairholme Capital Management Llc Bought - St Joe Co Stock

Purpose of Transaction

No material changes from the Schedule 13D filed by the Reporting Persons on April 26, 2017.

St Joe Co Institutional Sentiment

Filings show 113 investors own St Joe Co. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is decreased by 19590088. 71613670 were owned by these investors. 15 funds opened new St Joe Co stakes, 28 increased positions. There were 32 that closed positions and 48 reduced them.

3 investors had the stock in their top 10. Some are: Fairholme Capital Management Llc..

Lawson Kroeker Investment Management Inc is an investor bullish on St Joe Co, owning 195137 shares as of Q3 2015 for 1.25% of its portfolio. Lesa Sroufe & Co owns 165441 shares or 2.52% of its portfolio. X0 Taube Hodson Stonex Partners Llp have 5.63% of its portfolio for 2570068 shares. Further, Marketfield Asset Management Llc reported stake worth 1.43% of its portfolio. The FL Fairholme Capital Management Llc owns 24454440 shares. St Joe Co is 13.48% of its portfolio.

SEC Form 13D.

Bruce Berkowitz’s Fairholme Capital Management Llc website.

It closed at $18.5 lastly. It is down 4.71% since December 9, 2016 and is uptrending. It has underperformed by 11.99% the S&P500.

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating firm in Florida. The company has market cap of $1.23 billion. The firm operates in five divisions: Residential Real Estate, Commercial Real Estate, Resorts and Leisure, Leasing Operations, and Forestry. It has a 56.4 P/E ratio. The Residential Real Estate segment plans and develops primary and resort residential communities.

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