Elkhorn Partners Limited Partnership buys $27 Million stake in Consolidated-Tomoka Land Co. (CTO)

Consolidated-Tomoka Land Co. (CTO) : Elkhorn Partners Limited Partnership scooped up 3,150 additional shares in Consolidated-Tomoka Land Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 546,950 shares of Consolidated-Tomoka Land Co. which is valued at $27 Million.Consolidated-Tomoka Land Co. makes up approximately 14.95% of Elkhorn Partners Limited Partnership’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in CTO in the latest quarter, The investment management firm added 440 additional shares and now holds a total of 6,362 shares of Consolidated-Tomoka Land Co. which is valued at $309,130.

Consolidated-Tomoka Land Co. opened for trading at $48.3 and hit $48.31 on the upside on Wednesday, eventually ending the session at $48.3, with a gain of 0.08% or 0.04 points. The heightened volatility saw the trading volume jump to 9,419 shares. Company has a market cap of $282 M.

Consolidated-Tomoka Land Co. is a real estate operating company. The Company owns and manages around 43 commercial real estate properties in 10 states in the United States. The Company operates in four business segments: income properties commercial loan investments real estate operations and golf operations. The income property business is focused on investing in income-producing properties. The real estate operations consist of land transactions and leasing and royalty income from its interests in subsurface oil gas and mineral rights. The golf operations segment consists of a single property located in the City of Daytona Beach with two 18-hole championship golf courses a practice facility and clubhouse facilities including a restaurant and bar operation and pro-shop with retail merchandise. The Company owns around 36 single-tenant and seven multi-tenant properties with around 1100000 square feet of gross leasable space.

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