Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) Position Increased by Russell Investments Group Ltd.

Share on StockTwits

Russell Investments Group Ltd. increased its stake in Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) by 22.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,966 shares of the financial services provider’s stock after purchasing an additional 58,656 shares during the period. Russell Investments Group Ltd. owned 6.49% of Consolidated-Tomoka Land worth $20,989,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new stake in Consolidated-Tomoka Land during the 3rd quarter valued at $26,000. Wealth Architects LLC bought a new stake in Consolidated-Tomoka Land during the 3rd quarter valued at $202,000. Rhumbline Advisers raised its stake in Consolidated-Tomoka Land by 9.7% during the 3rd quarter. Rhumbline Advisers now owns 7,309 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 644 shares in the last quarter. Denali Advisors LLC raised its stake in Consolidated-Tomoka Land by 141.5% during the 3rd quarter. Denali Advisors LLC now owns 20,374 shares of the financial services provider’s stock valued at $1,337,000 after acquiring an additional 11,937 shares in the last quarter. Finally, Boston Partners raised its stake in Consolidated-Tomoka Land by 371.0% during the 2nd quarter. Boston Partners now owns 137,065 shares of the financial services provider’s stock valued at $8,183,000 after acquiring an additional 107,965 shares in the last quarter.

Shares of CTO traded up $0.99 during midday trading on Friday, reaching $66.86. The stock had a trading volume of 18,831 shares, compared to its average volume of 22,556. Consolidated-Tomoka Land Co. has a 52 week low of $49.23 and a 52 week high of $68.64.

Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $3.22 by ($2.86). The firm had revenue of $11.75 million during the quarter, compared to the consensus estimate of $40.82 million.

The business also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 12th will be issued a $0.13 dividend. This is a boost from Consolidated-Tomoka Land’s previous dividend of $0.11. The ex-dividend date is Friday, November 8th.

Several brokerages have weighed in on CTO. Zacks Investment Research downgraded Consolidated-Tomoka Land from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. B. Riley set a $82.00 price objective on Consolidated-Tomoka Land and gave the stock a “buy” rating in a research note on Monday, July 15th.

Consolidated-Tomoka Land Profile

Consolidated-Tomoka Land Co, together with its subsidiaries, operates as a diversified real estate operating company in the United States. The company operates through four segments: Income Properties, Commercial Loan Investments, Real Estate Operations, and Golf Operations. It owns and manages commercial real estate properties.

Further Reading: Different Types of Derivatives

Institutional Ownership by Quarter for Consolidated-Tomoka Land (NYSEAMERICAN:CTO)

Receive News & Ratings for Consolidated-Tomoka Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated-Tomoka Land and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.