Bruce Berkowitz Sells 25,000 Shares of St. Joe (NYSE:JOE) Stock
Bruce Berkowitz, a major shareholder in St. Joe (NYSE:JOE), sold 25,000 shares of the company's stock for approximately $1.63 million, reducing his stake by 0.16%. The sale was disclosed in an SEC filing and leaves him with over 15.6 million shares. St. Joe's stock traded down slightly, and the company recently announced a quarterly dividend; analyst ratings are mixed, with a recent downgrade to "hold" from Wall Street Zen.