Fairholme Funds Inc. and its controlling person, Bruce R. Berkowitz, recently sold shares of ST JOE Co (NYSE:JOE) common stock totaling $7,925,347, according to a Form 4 filing with the Securities and Exchange Commission. The transactions occurred over several days in early June 2026.
The sales involved a total of 121,700 shares, executed between June 4 and June 8, 2026. Prices for these transactions ranged from $65.09 to $65.18 per share. Specifically, 59,100 shares were sold on June 4 at $65.09 per share, followed by 33,600 shares on June 5 at $65.18 per share. An additional 29,000 shares were sold on June 8 at $65.12 per share.
The timing of these sales comes after a strong run for JOE shares, which have delivered a 42% return over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value, with shares trading at $64.71.
These reported transactions were in securities held by The Fairholme Fund, a series of Fairholme Funds, Inc. Mr. Berkowitz, who controls the sole member of Fairholme Capital Management, LLC (which serves as the investment manager to The Fairholme Fund), may be deemed to beneficially own these securities. However, Mr. Berkowitz and Fairholme Capital Management disclaim beneficial ownership except to the extent of any pecuniary interest.
Following these sales, The Fairholme Fund holds 15,458,424 shares of ST JOE Co common stock. Separately, Mr. Berkowitz directly owns 606,866 shares of the company’s common stock. Both Fairholme Funds Inc. and Mr. Berkowitz are reported as ten percent owners of ST JOE Co.
JOE-0.25%FAIRX-0.48%St JoeFollowAnalyze JOEIncluded in our AI-picked strategies·Review strategies64.71▼-0.16(-0.25%)Closed·15:59:59·USD64.710.00(0.00%)After Hours·16:40:141D1W1M6M1Y5YMaxCreated with Highcharts 11.4.813:3014:3015:3016:3017:3019:3064.56565.5In this articleJOE-0.25%FAIRX-0.48%Analyze JOEIn other recent news, The St. Joe Company reported its first-quarter 2026 earnings, showing a revenue increase to $99.1 million, which is up 5% compared to the previous year. Despite this revenue growth, the company experienced a 21% decline in net income. This decline was mainly attributed to reduced equity income from joint ventures. These recent developments highlight the mixed financial performance of the company. Analysts have not provided any upgrades or downgrades following the earnings announcement. However, the results have sparked investor concerns, as seen in aftermarket trading activity. The St. Joe Company’s financial report underscores the challenges it faces amidst its revenue growth.
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