JPMorgan Chase & Co. Buys 18,149 Shares of Tejon Ranch Co. (NYSE:TRC)

JPMorgan Chase & Co. increased its position in Tejon Ranch Co. (NYSE:TRC - Free Report) by 190.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,666 shares of the real estate development and agribusiness company's stock after purchasing an additional 18,149 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.10% of Tejon Ranch worth $440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Tejon Ranch by 0.8% in the third quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company's stock valued at $9,444,000 after purchasing an additional 4,247 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Tejon Ranch by 0.7% in the 4th 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 buying an additional 1,409 shares during the period. Levin Capital Strategies L.P. grew its position in shares of Tejon Ranch by 11.7% during the fourth quarter. Levin Capital Strategies L.P. now owns 70,653 shares of the real estate development and agribusiness company's stock worth $1,123,000 after buying an additional 7,422 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Tejon Ranch by 12.0% during the 4th 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 during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Tejon Ranch in the 4th quarter valued at $632,000. 60.63% of the stock is currently owned by institutional investors.

Tejon Ranch Stock Down 1.1 %

TRC traded down $0.19 on Monday, reaching $17.06. The company's stock had a trading volume of 133,171 shares, compared to its average volume of 116,956. Tejon Ranch Co. has a 1 year low of $14.70 and a 1 year high of $19.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. The stock has a market cap of $458.37 million, a price-to-earnings ratio of -1,706,000.00 and a beta of 0.57. The business's 50 day moving average is $16.13 and its 200 day moving average is $16.02.

Tejon Ranch (NYSE:TRC - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.14. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The business had revenue of $17.94 million during the quarter, compared to analyst estimates of $15.53 million. As a group, research analysts forecast that Tejon Ranch Co. will post -0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Tejon Ranch to a "sell" rating in a 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.