Tejon Ranch Co (NYSE:TRC) Stock Position Decreased by Levin Capital Strategies L.P.

Key Points

• Levin Capital Strategies L.P. reduced its stake in Tejon Ranch Co by 27.0%, now owning about 0.19% of the company, valued at $817,000.
• Other institutional investors have increased their positions, notably JPMorgan Chase & Co. with a 190.7% increase, owning 27,666 shares worth $440,000.
• Tejon Ranch reported a quarterly loss of ($0.05) earnings per share, missing the consensus estimate by ($0.06), while generating $8.21 million in revenue.

Levin Capital Strategies L.P. decreased its position in Tejon Ranch Co (NYSE:TRC - Free Report) by 27.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,562 shares of the real estate development and agribusiness company's stock after selling 19,091 shares during the quarter. Levin Capital Strategies L.P. owned about 0.19% of Tejon Ranch worth $817,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TRC. American Century Companies Inc. boosted its holdings in Tejon Ranch by 12.0% in the fourth quarter. American Century Companies Inc. now owns 43,636 shares of the real estate development and agribusiness company's stock worth $694,000 after purchasing an additional 4,672 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Tejon Ranch by 190.7% in the fourth quarter. JPMorgan Chase & Co. now owns 27,666 shares of the real estate development and agribusiness company's stock worth $440,000 after buying an additional 18,149 shares during the last quarter. Wells Fargo & Company MN boosted its position in Tejon Ranch by 121.0% during the fourth quarter. Wells Fargo & Company MN now owns 27,762 shares of the real estate development and agribusiness company's stock worth $441,000 after purchasing an additional 15,202 shares during the period. Invesco Ltd. lifted its stake in shares of Tejon Ranch by 2.2% in the fourth quarter. Invesco Ltd. now owns 33,531 shares of the real estate development and agribusiness company's stock worth $533,000 after buying an additional 724 shares during the last quarter. Finally, CenterBook Partners LP bought a new stake in shares of Tejon Ranch during the 4th quarter worth $1,061,000. Institutional investors own 60.63% of the company's stock.

Insider Transactions at Tejon Ranch

In other Tejon Ranch news, CFO Brett A. Brown sold 5,356 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $18.55, for a total value of $99,353.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.44% of the company's stock.

Tejon Ranch Stock Performance

NYSE:TRC opened at $18.19 on Tuesday. The company has a current ratio of 2.68, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. Tejon Ranch Co has a 1 year low of $14.70 and a 1 year high of $19.39. The firm's fifty day simple moving average is $17.38 and its 200 day simple moving average is $16.60. The firm has a market capitalization of $488.95 million, a PE ratio of 202.11 and a beta of 0.63.

Tejon Ranch (NYSE:TRC - Get Free Report) last posted its quarterly earnings data 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). Tejon Ranch had a return on equity of 0.44% and a net margin of 5.01%. The business had revenue of $8.21 million for the quarter, compared to analyst estimates of $7.57 million. On average, sell-side analysts anticipate 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.

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