Elkhorn Partners Limited Partnership Trimmed Its Cons Tomoka Land Co (CTO) Position by $24.04 Million

July 17, 2017 - By Marry Poplack

Alan S. Parsow decreased its stake in Cons Tomoka Land Co (CTO) by 90.72% based on its latest 2016Q4 regulatory filing with the SEC. Elkhorn Partners Limited Partnership sold 453,600 shares as the company’s stock rose 0.28% with the market. The hedge fund run by Alan S. Parsow held 46,400 shares of the real estate company at the end of 2016Q4, valued at $2.48M, 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 $314.04M market cap company. The stock rose 1.58% or $0.87 reaching $55.97. About 1,721 shares traded. Consolidated-Tomoka Land Co. (NYSEMKT:CTO) has risen 11.69% since July 17, 2016 and is uptrending. It has underperformed by 5.01% the S&P500.

Investors wait Consolidated-Tomoka Land Co. (NYSEMKT:CTO) to report on July, 19. its quarterly earnings Wall Street analysts expect $0.04 EPS, down $0.24 or 85.71 % from last year’s $0.28 same quarter earnings. This translates into $224,435 profit for CTO giving the stock a 349.81 P/E. This is assuming the current $0.04 EPS is accurate. Consolidated-Tomoka Land Co.’s Wall Street analysts see -98.24 % negative EPS growth, taking into account the $2.27 EPS reproted in the previous quarter,

More notable recent Consolidated-Tomoka Land Co. (NYSEMKT:CTO) news were published by: Businesswire.com which released: “Quarter 2017 Earnings Release and Earnings Call” on July 13, 2017, also Finance.Yahoo.com with their article: “Consolidated-Tomoka Land Co. Announces First Buc-ee’s Location Outside of …” published on April 12, 2017, Seekingalpha.com published: “The Perfect Storm For Consolidated-Tomoka Land” on February 14, 2017. More interesting news about Consolidated-Tomoka Land Co. (NYSEMKT:CTO) were released by: Seekingalpha.com and their article: “Consolidated-Tomoka Land: Disgraceful Governance Leads To Another Letter” published on October 11, 2016 as well as Businesswire.com‘s news article titled: “Consolidated Tomoka Files Definitive Proxy Materials and Mails Letter to …” with publication date: March 21, 2017.

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