BlackRock Discloses 12.59% Stake in The St. Joe Company

In a 13G filing on The St. Joe Company (JOE), BlackRock Inc (BLK) disclosed today a 12.59% (11.6 million shares, up from 23,000 share position at the end of 9/30) ownership stake in the company. A 13G indicates a “passive investment”. The St. Joe Company, together with its subsidiaries, operates as a real estate development [...]