Tejon Ranch Co. (NYSE:TRC) Sees Significant Decrease in Short Interest

Tejon Ranch Co. (NYSE:TRC - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 164,700 shares, a decline of 24.7% from the March 15th total of 218,700 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 52,600 shares, the short-interest ratio is presently 3.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Foundation Resource Management Inc. raised its stake in Tejon Ranch by 1.4% in the 1st quarter. Foundation Resource Management Inc. now owns 482,773 shares of the real estate development and agribusiness company's stock valued at $7,440,000 after purchasing an additional 6,620 shares during the last quarter. Vanguard Group Inc. raised its stake in Tejon Ranch by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 1,187,619 shares of the real estate development and agribusiness company's stock valued at $20,427,000 after purchasing an additional 45,672 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Tejon Ranch by 33.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 50,583 shares of the real estate development and agribusiness company's stock valued at $871,000 after purchasing an additional 12,662 shares during the last quarter. Barclays PLC raised its stake in Tejon Ranch by 330.9% in the 4th quarter. Barclays PLC now owns 33,274 shares of the real estate development and agribusiness company's stock valued at $573,000 after purchasing an additional 25,552 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new position in Tejon Ranch in the 4th quarter valued at about $175,000. Institutional investors and hedge funds own 60.63% of the company's stock.

Tejon Ranch Price Performance

Shares of Tejon Ranch stock traded down $0.09 on Friday, hitting $15.20. The company's stock had a trading volume of 44,486 shares, compared to its average volume of 52,689. Tejon Ranch has a 52-week low of $14.90 and a 52-week high of $18.37. The company has a quick ratio of 6.60, a current ratio of 6.90 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $15.96 and a 200-day moving average price of $16.15. The company has a market capitalization of $407.36 million, a P/E ratio of 116.93 and a beta of 0.63.

Tejon Ranch (NYSE:TRC - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The real estate development and agribusiness company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.07. Tejon Ranch had a net margin of 7.30% and a return on equity of 0.68%. The business had revenue of $16.17 million for the quarter, compared to analyst estimates of $14.27 million. On average, equities research analysts expect that Tejon Ranch will post 0.1 earnings per share for the current fiscal year.

Tejon Ranch Company 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.