D. E. Shaw & Co. Inc. Acquires Shares of 21,482 Tejon Ranch Co. (NYSE:TRC)

D. E. Shaw & Co. Inc. bought a new position in shares of Tejon Ranch Co. (NYSE:TRC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Gamco Investors INC. ET AL lifted its position in shares of 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 valued at $11,434,000 after acquiring an additional 52,401 shares in the last quarter. Bulldog Investors LLP lifted its position in shares of Tejon Ranch by 482.6% in the fourth quarter. Bulldog Investors LLP now owns 401,200 shares of the real estate development and agribusiness company's stock valued at $6,379,000 after acquiring an additional 332,341 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $3,114,000 after acquiring an additional 1,409 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Tejon Ranch by 1.3% in the fourth quarter. Gabelli Funds LLC now owns 144,000 shares of the real estate development and agribusiness company's stock valued at $2,290,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Levin Capital Strategies L.P. lifted its position in shares of Tejon Ranch by 11.7% in the fourth quarter. Levin Capital Strategies L.P. now owns 70,653 shares of the real estate development and agribusiness company's stock valued at $1,123,000 after acquiring an additional 7,422 shares in the last quarter. 60.63% of the stock is currently owned by hedge funds and other institutional investors.

Tejon Ranch Price Performance

Shares of NYSE:TRC traded down $0.06 on Friday, hitting $16.70. The company had a trading volume of 93,475 shares, compared to its average volume of 94,919. The business has a 50 day moving average of $16.46 and a 200 day moving average of $16.06. Tejon Ranch Co. has a 52-week low of $14.71 and a 52-week high of $19.82. The company has a market cap of $448.91 million, a PE ratio of -1,670,000.00 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 (NYSE:TRC - Get Free Report) last released its earnings results on Thursday, May 8th. The real estate development and agribusiness company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $8.21 million for the quarter, compared to analysts' expectations of $7.57 million. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. As a group, equities analysts anticipate that Tejon Ranch Co. will post -0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.