Bulldog Investors LLP Increases Position in Tejon Ranch Co. (NYSE:TRC)

Bulldog Investors LLP increased its stake in shares of Tejon Ranch Co. (NYSE:TRC - Free Report) by 482.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 401,200 shares of the real estate development and agribusiness company's stock after acquiring an additional 332,341 shares during the quarter. Tejon Ranch makes up about 1.7% of Bulldog Investors LLP's portfolio, making the stock its 19th largest position. Bulldog Investors LLP owned approximately 1.50% of Tejon Ranch worth $6,379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of TRC. CenterBook Partners LP bought a new position in shares of Tejon Ranch during the 4th quarter worth about $1,061,000. Gamco Investors INC. ET AL boosted its holdings in Tejon Ranch by 7.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 719,127 shares of the real estate development and agribusiness company's stock worth $11,434,000 after acquiring an additional 52,401 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Tejon Ranch in the fourth quarter valued at approximately $632,000. Barclays PLC increased its holdings in shares of Tejon Ranch by 298.1% during the third quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company's stock valued at $563,000 after acquiring an additional 24,015 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Tejon Ranch in the 4th quarter worth $312,000. 60.63% of the stock is currently owned by institutional investors and hedge funds.

Tejon Ranch Stock Down 3.8 %

NYSE TRC traded down $0.66 during trading hours on Friday, hitting $16.50. The company's stock had a trading volume of 168,069 shares, compared to its average volume of 99,415. The company has a market capitalization of $443.32 million, a PE ratio of -1,650,000.00 and a beta of 0.64. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. Tejon Ranch Co. has a 52 week low of $14.71 and a 52 week high of $19.82. The company's 50-day simple moving average is $16.30 and its two-hundred day simple moving average is $16.04.

Tejon Ranch (NYSE:TRC - Get Free Report) last posted its earnings results on Thursday, May 8th. The real estate development and agribusiness company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. The company had revenue of $8.21 million during the quarter, compared to the consensus estimate of $7.57 million. Research analysts anticipate that Tejon Ranch Co. will post -0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Tejon Ranch to a "sell" rating in a report on Wednesday, March 5th.

About Tejon Ranch

Tejon Ranch Co, together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.