Hedgies Shuffling Their Stakes In Itron, Inc. (ITRI) and St. Joe Co (JOE)

Fairholme has held a stake in St. Joe Co (NYSE:JOE) since the fourth quarter of 2007. The $1.73 billion real estate development and operating company recently repurchased about 17.8% of the company’s outstanding shares for $294.3 million at $18 per unit. So far this year the stock price has appreciated by 3.7%, but over the past 12 months it is down by almost 3.5%.

At the end of June, a total of 10 funds held stakes with an aggregate value of $427.78 million in St. Joe Co (NYSE:JOE) representing about 29.9% of the company’s market cap. This marked an increase from eight funds with $502.27 million worth of stock at the end of March. Mario Gabelli’s GAMCO investors is the second-largest stockholder of St. Joe Co (NYSE:JOE) within our database after Fairholme as it holds some 1.43 million shares valued at $22.25 million.

Disclosure: None