Bartlett & Co. LLC Takes $1.17 Million Position in Texas Pacific Land Trust (NYSE:TPL)

Bartlett & Co. LLC acquired a new stake in Texas Pacific Land Trust (NYSE:TPL) in the 3rd quarter, HoldingsChannel reports. The fund acquired 1,800 shares of the financial services provider’s stock, valued at approximately $1,169,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. We Are One Seven LLC boosted its stake in shares of Texas Pacific Land Trust by 2.1% in the second quarter. We Are One Seven LLC now owns 4,535 shares of the financial services provider’s stock valued at $3,569,000 after purchasing an additional 95 shares during the period. Beddow Capital Management Inc. lifted its stake in Texas Pacific Land Trust by 11.6% in the second quarter. Beddow Capital Management Inc. now owns 10,198 shares of the financial services provider’s stock worth $8,026,000 after acquiring an additional 1,060 shares during the last quarter. Advisor Group Inc. lifted its stake in Texas Pacific Land Trust by 268.9% in the second quarter. Advisor Group Inc. now owns 273 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 199 shares during the last quarter. Swiss National Bank lifted its stake in Texas Pacific Land Trust by 1.8% in the second quarter. Swiss National Bank now owns 11,517 shares of the financial services provider’s stock worth $9,064,000 after acquiring an additional 200 shares during the last quarter. Finally, EagleClaw Capital Managment LLC lifted its stake in Texas Pacific Land Trust by 7.1% in the third quarter. EagleClaw Capital Managment LLC now owns 13,767 shares of the financial services provider’s stock worth $8,928,000 after acquiring an additional 918 shares during the last quarter. 38.74% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine downgraded shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

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Shares of Texas Pacific Land Trust stock opened at $645.00 on Friday. Texas Pacific Land Trust has a 52-week low of $409.00 and a 52-week high of $915.66. The company has a 50 day moving average of $618.44 and a 200 day moving average of $715.84. The company has a quick ratio of 9.76, a current ratio of 9.76 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.97 billion, a P/E ratio of 16.28 and a beta of 1.28.

In other news, major shareholder Kinetics Asset Managem Horizon purchased 49 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $679.65 per share, for a total transaction of $33,302.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 1,464 shares of company stock valued at $945,696 in the last quarter. 0.92% of the stock is owned by insiders.

Texas Pacific Land Trust Company Profile

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust.

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Want to see what other hedge funds are holding TPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Pacific Land Trust (NYSE:TPL).

Institutional Ownership by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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