David Winters’ Wintergreen Advisors Reported 26.9% Activist Stake in $CTO

David Winters’ Wintergreen Advisors filed on November 4th that the firm now has 1.54 million shares in Consolidated Tomoka Land Co (CTO), corresponding to a 26.9% activist stake. Wintergreen Advisors did not change its position in CTO after the second quarter. The firm reveals in its 13D filing that it’s now discussing an out of court issue regarding the inspection of issuer’s books and records. CTO performs mix in 2011, and has lost 4% year to date. The stock is now trading at $27.60.

David Winters

In the second quarter, five hedge funds were bullish about CTO in our tracking list. Beside David Winters’ Wintergreen Advisors, Martin Whitman’s Third Avenue Management had 524 thousand shares; Clint Carlson’s Carlson Capital had 100 thousand shares; Chuck Royce’s Royce & Associates had 72 thousand shares.

David Winters’ Wintergreen Advisors is a New Jersey-based investment firm. It focuses on value investing globally. The firm was founded by David Winters in May 2005. Mr. Winters served in various positions in Franklin Mutual Advisors. Mr. Winters graduate from Cornell University and is a chartered financial analyst charter holder. As of July 2011, Wintergreen Advisors had a portfolio value of $554 million, mainly investing in Financial, Consumer Goods, Basic Materials, Services, and Technology sector.

Consolidated Tomoka Land Co. is a real estate development company. According to Yahoo! Finance, the company engages in real estate, income properties, and golf operations. Consolidated Tomoka Land Co. operates its subsidiaries with various income properties located in Florida, Georgia, and North Carolina. The company was founded in 1902 and is headquartered in Daytona Beach, Florida.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!