66,700 Shares in Tejon Ranch Co. (NYSE:TRC) Bought by CenterBook Partners LP

CenterBook Partners LP bought a new stake in Tejon Ranch Co. (NYSE:TRC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 66,700 shares of the real estate development and agribusiness company's stock, valued at approximately $1,061,000. CenterBook Partners LP owned about 0.25% of Tejon Ranch at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Invesco Ltd. grew its stake in Tejon Ranch by 2.2% during the 4th quarter. Invesco Ltd. now owns 33,531 shares of the real estate development and agribusiness company's stock worth $533,000 after purchasing an additional 724 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Tejon Ranch by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 195,879 shares of the real estate development and agribusiness company's stock worth $3,114,000 after acquiring an additional 1,409 shares during the last quarter. Geode Capital Management LLC grew its holdings in Tejon Ranch by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company's stock worth $9,444,000 after acquiring an additional 4,247 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Tejon Ranch by 30.3% in the 4th quarter. SG Americas Securities LLC now owns 19,010 shares of the real estate development and agribusiness company's stock valued at $302,000 after purchasing an additional 4,424 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Tejon Ranch by 12.0% in the 4th quarter. American Century Companies Inc. now owns 43,636 shares of the real estate development and agribusiness company's stock valued at $694,000 after purchasing an additional 4,672 shares in the last quarter. Hedge funds and other institutional investors own 60.63% of the company's stock.

Analysts Set New Price Targets

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

Tejon Ranch Stock Up 0.1 %

TRC stock traded up $0.01 during trading on Thursday, hitting $16.40. 64,687 shares of the company's stock were exchanged, compared to its average volume of 94,960. The stock has a market capitalization of $440.64 million, a price-to-earnings ratio of -1,640,500.00 and a beta of 0.57. Tejon Ranch Co. has a 52-week low of $14.71 and a 52-week high of $19.82. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $15.86 and a two-hundred day moving average price of $16.02.

Tejon Ranch (NYSE:TRC - Get Free Report) last issued its earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.14. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. The business had revenue of $17.94 million during the quarter, compared to analysts' expectations of $15.53 million. As a group, equities research analysts expect that Tejon Ranch Co. will post -0.04 EPS for the current year.

Tejon Ranch Profile

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.