Nuveen LLC Invests $1.05 Million in Tejon Ranch Co $TRC

Nuveen LLC purchased a new position in shares of Tejon Ranch Co (NYSE:TRC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 66,023 shares of the real estate development and agribusiness company's stock, valued at approximately $1,046,000. Nuveen LLC owned 0.25% of Tejon Ranch as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TRC. Price T Rowe Associates Inc. MD grew its holdings in shares of Tejon Ranch by 4.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,598 shares of the real estate development and agribusiness company's stock worth $360,000 after purchasing an additional 1,030 shares during the last quarter. NBC Securities Inc. raised its position in shares of Tejon Ranch by 86,300.0% during the first quarter. NBC Securities Inc. now owns 1,728 shares of the real estate development and agribusiness company's stock worth $27,000 after purchasing an additional 1,726 shares during the period. Versant Capital Management Inc acquired a new position in Tejon Ranch during the 1st quarter valued at about $28,000. Deutsche Bank AG raised its holdings in Tejon Ranch by 36.1% during the 4th quarter. Deutsche Bank AG now owns 11,022 shares of the real estate development and agribusiness company's stock valued at $175,000 after acquiring an additional 2,922 shares during the period. Finally, Barclays PLC lifted its stake in Tejon Ranch by 11.4% in the 4th quarter. Barclays PLC now owns 35,727 shares of the real estate development and agribusiness company's stock worth $568,000 after purchasing an additional 3,655 shares in the last quarter. Institutional investors own 60.63% of the company's stock.

Tejon Ranch Trading Down 1.6%

Shares of Tejon Ranch stock traded down $0.28 during trading on Wednesday, reaching $16.92. The company's stock had a trading volume of 112,390 shares, compared to its average volume of 107,760. The company has a quick ratio of 1.66, a current ratio of 2.24 and a debt-to-equity ratio of 0.17. Tejon Ranch Co has a 52-week low of $14.70 and a 52-week high of $19.39. The firm's 50-day moving average is $17.83 and its two-hundred day moving average is $16.80. The company has a market cap of $455.01 million, a price-to-earnings ratio of -1,692.10 and a beta of 0.65.

Tejon Ranch (NYSE:TRC - Get Free Report) last released its earnings results on Thursday, August 7th. The real estate development and agribusiness company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). Tejon Ranch had a negative net margin of 1.17% and a negative return on equity of 0.11%. The firm had revenue of $8.31 million during the quarter, compared to analysts' expectations of $8.10 million. On average, sell-side analysts anticipate that Tejon Ranch Co will post -0.04 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Brett A. Brown sold 5,356 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $18.55, for a total transaction of $99,353.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 22.44% of the company's stock.

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.