Is Consolidated-Tomoka Land Co. (CTO) a Good Stock to Invest in?

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Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that dropped their entire stakes in the stock during the third quarter. At the top of the heap, Michael Reeber’s Andalusian Capital Partners dropped the largest investment of the “upper crust” of funds studied by Insider Monkey, valued at an estimated $2.3 million in stock. First Eagle Investment Management, also dropped its stock, about $0.2 million worth.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Consolidated-Tomoka Land Co. (NYSEMKT:CTO) but similarly valued. These stocks are Heritage-Crystal Clean, Inc. (NASDAQ:HCCI), Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP), Mazor Robotics Ltd – ADR (NASDAQ:MZOR), and Fogo de Chao Inc (NASDAQ:FOGO). This group of stocks’ market values resemble CTO’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
HCCI 6 50196 2
CRBP 5 51279 -2
MZOR 5 29463 0
FOGO 4 16469 -2

As you can see these stocks had an average of just five funds with bullish positions and the average amount invested in these stocks was $37 million. That figure was $121 million in CTO’s case. Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) is the most popular stock in this table. On the other hand Fogo de Chao Inc (NASDAQ:FOGO) is the least popular one with only four bullish hedge fund positions. Compared to these stocks Consolidated-Tomoka Land Co. (NYSEMKT:CTO) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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