D. E. Shaw & Co. Inc. Takes $342,000 Position in Tejon Ranch Co. (NYSE:TRC)

D. E. Shaw & Co. Inc. bought a new stake in Tejon Ranch Co. (NYSE:TRC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,482 shares of the real estate development and agribusiness company's stock, valued at approximately $342,000. D. E. Shaw & Co. Inc. owned approximately 0.08% of Tejon Ranch at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bulldog Investors LLP increased its stake in Tejon Ranch by 482.6% during the fourth quarter. Bulldog Investors LLP now owns 401,200 shares of the real estate development and agribusiness company's stock worth $6,379,000 after acquiring an additional 332,341 shares during the last quarter. CenterBook Partners LP purchased a new stake in Tejon Ranch during the 4th quarter worth about $1,061,000. Gamco Investors INC. ET AL lifted its holdings in Tejon Ranch by 7.9% during the 4th 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 buying an additional 52,401 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Tejon Ranch during the 4th quarter worth about $632,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Tejon Ranch in the 4th quarter valued at about $312,000. Hedge funds and other institutional investors own 60.63% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Tejon Ranch to a "sell" rating in a research report on Wednesday, March 5th.

Tejon Ranch Trading Up 0.2%

Shares of TRC stock traded up $0.04 during mid-day trading on Friday, hitting $16.80. 33,792 shares of the company's stock were exchanged, compared to its average volume of 99,132. Tejon Ranch Co. has a fifty-two week low of $14.71 and a fifty-two week high of $19.82. The stock has a 50-day simple moving average of $16.44 and a two-hundred day simple moving average of $16.06. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The stock has a market cap of $451.47 million, a price-to-earnings ratio of -1,678,000.00 and a beta of 0.64.

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

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.