Potential Price Increase for The St. Joe Company (JOE) After Recent Insider Activity


The St. Joe Company’s filing revealed that its Director BERKOWITZ BRUCE R unloaded Company’s shares for reported $0.18 million on Aug 17. In the deal valued at $61.02 per share,2,900 shares were sold. As a result of this transaction, BERKOWITZ BRUCE R now holds 19,742,991 shares worth roughly $ 1.22 billion.

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Then, BERKOWITZ BRUCE R sold 30,900 shares, generating $1,889,535 in total proceeds. Upon selling the shares at $61.15, the Director now owns 19,745,891 shares.

Before that, BERKOWITZ BRUCE R sold 31,200 shares. The St. Joe Company shares valued at $1,906,632 were divested by the Director at a price of $61.11 per share. As a result of the transaction, BERKOWITZ BRUCE R now holds 19,776,791 shares, worth roughly $1.22 billion.

Raymond James downgraded its The St. Joe Company [JOE] rating to a Mkt perform from a an Outperform in a research note published on Friday.

Price Performance Review of JOE

On Friday, The St. Joe Company [NYSE:JOE] saw its stock remained unchanged to $61.74. On the same session, the stock had its day’s lowest price of $61.34, but rose to a high of $62.455. Over the last five days, the stock has gained 3.87%. The St. Joe Company shares have risen nearly 59.74% since the year began. Nevertheless, the stocks have risen 61.62% over the past one year. While a 52-week high of $65.99 was reached on 07/28/23, a 52-week low of $31.11 was recorded on 01/03/23. SMA at 50 days reached $56.59, while 200 days put it at $45.50. A total of 0.18 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For JOE Stock

The 24-hour chart illustrates a support level at 61.24, which if violated will result in even more drops to 60.73. On the upside, there is a resistance level at 62.35. A further resistance level may holdings at 62.96. The Relative Strength Index (RSI) on the 14-day chart is 59.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.45%. Stochastics %K at 79.11% indicates the stock is a holding.

How much short interest is there in The St. Joe Company?

A steep rise in short interest was recorded in The St. Joe Company stocks on Aug 14, 2023, dropping by -0.38 million shares to a total of 1.12 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.5 million shares. There was a decline of -33.93%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.28% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.53.

The St. Joe Company [JOE] – Who Are The Largest Shareholders?

In filings from Fairholme Capital Management LLC, it is revealed that the company now owns 19,742,991 shares, or roughly 33.82% of the outstanding JOE shares. In other words, the investor’s shares have fallen by -4,037,457 from its previous 13-F filing of 23780448.0. Additionally, The Vanguard Group, Inc. increased 8.72% of its stake after which the total value it holdings stand at $361,879,357, while BlackRock Fund Advisors reduced -0.36% of its stake to hold $313.47 million in the firm. Over the last quarter, T. Rowe Price Investment Manageme purchased 30,588 shares of The St. Joe Company, while Dimensional Fund Advisors LP bought 4,810 shares. At present, SSgA Funds Management, Inc. is holding 1,155,973 shares valued at $73.38 million. GAMCO Asset Management, Inc. owned 970,200 shares of the company at the time of its most recent 13F filing, worth $61.59 million.

According to FactSet, The St. Joe Company’s share price will average $19.00 in the next year, based on opinions of analysts polled by the firm. This is down nearly -69.23 percent from its previous closing price of $61.74. Analysts expect The St. Joe Company stock to reach the higher price of $19.00, while the lowest price estimate is $19.00. However, 1 analyst have rated JOE stock as a Hold in their predictions for 2023.


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