Fairholme Capital Management Upped St Joe Co (JOE) Holding; As Microsoft (MSFT) Market Value Rose, Holder Clarkston Capital Partners Has Cut Its Stake by $2.32 Million

February 15, 2018 - By Vivian Currie

Clarkston Capital Partners Llc decreased its stake in Microsoft Corp (MSFT) by 5.02% based on its latest 2017Q3 regulatory filing with the SEC. Clarkston Capital Partners Llc sold 31,413 shares as the company’s stock rose 4.75% with the market. The institutional investor held 594,055 shares of the prepackaged software company at the end of 2017Q3, valued at $44.25 million, down from 625,468 at the end of the previous reported quarter. Clarkston Capital Partners Llc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $703.15 billion market cap company. The stock increased 0.56% or $0.51 during the last trading session, reaching $91.32. About 9.14 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since February 15, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

Bruce Berkowitz increased its stake in St Joe Co (JOE) by 5.96% based on its latest 2017Q3 regulatory filing with the SEC. Fairholme Capital Management Llc bought 1.52 million shares as the company’s stock rose 2.33% with the market. The hedge fund run by Bruce Berkowitz held 27.00 million shares of the homebuilding company at the end of 2017Q3, valued at $509.00M, up from 25.48M at the end of the previous reported quarter. Fairholme Capital Management Llc who had been investing in St Joe Co for a number of months, seems to be bullish on the $1.22 billion market cap company. The stock decreased 0.81% or $0.15 during the last trading session, reaching $18.4. About 217,064 shares traded. The St. Joe Company (NYSE:JOE) has risen 4.71% since February 15, 2017 and is uptrending. It has underperformed by 11.99% the S&P500.

Investors sentiment increased to 0.83 in Q3 2017. Its up 0.01, from 0.82 in 2017Q2. It increased, as 40 investors sold MSFT shares while 952 reduced holdings. 114 funds opened positions while 708 raised stakes. 5.51 billion shares or 0.32% less from 5.53 billion shares in 2017Q2 were reported. Bragg Fin Advsrs invested in 1.91% or 167,085 shares. Bluemountain Management Ltd Liability Com holds 0.13% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 83,292 shares. Farr Miller And Washington Limited Liability Co Dc stated it has 528,114 shares or 3.75% of all its holdings. Point72 Asset Mgmt Limited Partnership holds 0.32% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 965,439 shares. Tru Invest Advsrs has 4.02% invested in Microsoft Corporation (NASDAQ:MSFT). 505,700 are owned by Westwood Mngmt Il. Citadel Advsrs Ltd Llc holds 0.23% or 3.96M shares in its portfolio. Argi Inv Limited Liability Corp reported 21,985 shares stake. Rosenblum Silverman Sutton S F Ca owns 94,111 shares. Hallmark Cap Management reported 286,321 shares stake. Architects holds 4,306 shares or 0.59% of its portfolio. 2.04 million were reported by Clarivest Asset Limited Liability Company. Bridges Inv Counsel owns 1.33% invested in Microsoft Corporation (NASDAQ:MSFT) for 32,121 shares. New York-based Stelac Advisory Serv Ltd Company has invested 0.07% in Microsoft Corporation (NASDAQ:MSFT). Macnealy Hoover Mngmt has 43,155 shares for 2.31% of their portfolio.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 166 analyst reports since July 22, 2015 according to SRatingsIntel. As per Friday, October 27, the company rating was maintained by Stifel Nicolaus. On Friday, January 8 the stock rating was initiated by BMO Capital Markets with “Outperform”. KeyBanc Capital Markets maintained Microsoft Corporation (NASDAQ:MSFT) rating on Thursday, February 1. KeyBanc Capital Markets has “Overweight” rating and $110 target. On Friday, October 23 the stock rating was maintained by FBR Capital with “Outperform”. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, January 25. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Strong-Buy” rating by Vetr on Wednesday, September 2. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 21. Credit Suisse maintained Microsoft Corporation (NASDAQ:MSFT) on Thursday, January 18 with “Buy” rating. Piper Jaffray maintained Microsoft Corporation (NASDAQ:MSFT) on Monday, October 2 with “Buy” rating. The rating was maintained by Morgan Stanley on Monday, June 19 with “Buy”.

Since August 29, 2017, it had 0 insider purchases, and 2 insider sales for $5.98 million activity. Hood Amy sold $4.00M worth of stock or 55,000 shares.

Clarkston Capital Partners Llc, which manages about $457.76 million and $2.43 billion US Long portfolio, upped its stake in Paychex Inc (NASDAQ:PAYX) by 7,130 shares to 226,476 shares, valued at $13.58 million in 2017Q3, according to the filing. It also increased its holding in Fastenal Co (NASDAQ:FAST) by 61,689 shares in the quarter, for a total of 1.15M shares, and has risen its stake in Mccormick & Co Inc (NYSE:MKC).

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.42, from 0.88 in 2017Q2. It increased, as 14 investors sold JOE shares while 23 reduced holdings. 22 funds opened positions while 26 raised stakes. 60.83 million shares or 10.13% less from 67.68 million shares in 2017Q2 were reported. Bridgeway Mngmt invested in 15,000 shares or 0% of the stock. 86,400 were accumulated by Swiss Comml Bank. Raymond James & Associates reported 16,272 shares. Stifel Fincl accumulated 15,754 shares. 24,786 are held by Voya Invest Mngmt Limited Com. State Street Corp invested in 992,573 shares or 0% of the stock. Victory Cap reported 12,237 shares. 26,909 are held by Nationwide Fund. Virtu Fincl Limited Company has 0% invested in The St. Joe Company (NYSE:JOE) for 11,347 shares. 196,623 were reported by Morgan Stanley. Alliancebernstein Limited Partnership invested 0% in The St. Joe Company (NYSE:JOE). Jpmorgan Chase owns 774,961 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% in The St. Joe Company (NYSE:JOE). Pdts Partners Limited Liability Corporation has invested 0.07% in The St. Joe Company (NYSE:JOE). Rhumbline Advisers owns 63,628 shares.

Since December 12, 2017, it had 2 insider buys, and 0 selling transactions for $2.91 million activity. $2.53M worth of stock was bought by FAIRHOLME CAPITAL MANAGEMENT LLC on Tuesday, December 12.

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