Alan S. Parsow decreased its stake in Cons Tomoka Land Co (CTO) by 90.65% based on its latest 2016Q3 regulatory filing with the SEC. Elkhorn Partners Limited Partnership sold 453,250 shares as the company’s stock rose 8.75% with the market. The hedge fund run by Alan S. Parsow held 46,750 shares of the real estate company at the end of 2016Q3, valued at $2.39 million, down from 500,000 at the end of the previous reported quarter. Elkhorn Partners Limited Partnership who had been investing in Cons Tomoka Land Co for a number of months, seems to be less bullish one the $313.67 million market cap company. The stock increased 0.18% or $0.1 during the last trading session, hitting $54.89. Consolidated-Tomoka Land Co. (NYSEMKT:CTO) has risen 14.86% since June 7, 2016 and is uptrending. It has outperformed by 7.43% the S&P500.
Analysts await Consolidated-Tomoka Land Co. (NYSEMKT:CTO) to report earnings on February, 14.
More important recent Consolidated-Tomoka Land Co. (NYSEMKT:CTO) news were published by: Marketwatch.com which released: “Consolidated-Tomoka Land Co.” on July 13, 2009, also News-Journalonline.com published article titled: “Consolidated-Tomoka top shareholder issues demands”, Nasdaq.com published: “Consolidated-Tomoka Land Co. (CTO) Ex-Dividend Date Scheduled for November 08 …” on November 07, 2016. More interesting news about Consolidated-Tomoka Land Co. (NYSEMKT:CTO) was released by: Streetinsider.com and their article: “Consolidated-Tomoka Land (CTO) Offers Supplemental Info on Strategic …” with publication date: December 14, 2016.
According to Zacks Investment Research, “Consolidated-Tomoka Land Co. is primarily engaged in the real estate industry through its wholly owned subsidiaries. Real estate operations include commercial real estate, real estate development, residential and golf operations, property leasing, leasing properties for oil and mineral exploration and the sale of forest products.”
CTO Company Profile
Consolidated-Tomoka Land Co., incorporated on October 17, 1910, is a real estate operating company. The Firm owns and manages over 40 commercial real estate properties in approximately 10 states in the United States. The Company’s divisions include Income Properties, Commercial Loan Investments, Real Estate Operations, Golf Operations, and Agriculture and Other. The Firm also leases property for over 20 billboards; has agricultural activities that are managed by a third-party, which consists of leasing land for hay and sod production, timber harvesting and hunting leases, and owns and manages subsurface interests. The Firm owns approximately 30 single-tenant and over eight multi-tenant properties with approximately 1,700,000 square feet of gross leasable space. The Firm also owns and manages a land portfolio of over 10,500 acres.
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