Levin Capital Strategies L.P. decreased its holdings in shares of Tejon Ranch Co (NYSE:TRC - Free Report) by 27.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 approximately 0.19% of Tejon Ranch worth $817,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. D. E. Shaw & Co. Inc. acquired a new position in Tejon Ranch in the 4th quarter valued at $342,000. JPMorgan Chase & Co. grew its stake in Tejon Ranch by 190.7% in the 4th quarter. JPMorgan Chase & Co. now owns 27,666 shares of the real estate development and agribusiness company's stock valued at $440,000 after buying an additional 18,149 shares during the last quarter. CenterBook Partners LP acquired a new position in Tejon Ranch in the 4th quarter valued at $1,061,000. Bulldog Investors LLP grew its stake in Tejon Ranch by 482.6% in the 4th 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 buying an additional 332,341 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Tejon Ranch by 121.0% in the 4th 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 last quarter. Institutional investors and hedge funds own 60.63% of the company's stock.
Tejon Ranch Price Performance
Shares of NYSE:TRC traded up $0.03 during midday trading on Friday, reaching $17.04. 138,534 shares of the company's stock were exchanged, compared to its average volume of 113,219. The company's 50 day simple moving average is $17.46 and its two-hundred day simple moving average is $16.64. The firm has a market capitalization of $458.04 million, a PE ratio of -1,704.00 and a beta of 0.63. Tejon Ranch Co has a 12 month low of $14.70 and a 12 month high of $19.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.68.
Tejon Ranch (NYSE:TRC - Get Free Report) last announced its earnings results on Thursday, August 7th. The real estate development and agribusiness company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). Tejon Ranch had a negative return on equity of 0.11% and a negative net margin of 1.17%. The company had revenue of $8.31 million during the quarter, compared to the consensus estimate of $8.10 million. Equities research analysts expect that Tejon Ranch Co will post -0.04 earnings per share for the current fiscal year.
Insider Transactions at Tejon Ranch
In other Tejon Ranch news, CFO Brett A. Brown sold 5,356 shares of Tejon Ranch stock in a transaction that occurred 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 22.44% of the company's stock.
Tejon Ranch Profile
(
Free Report)
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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