Mad River Investors Trims Stake in Tejon Ranch Co. (NYSE:TRC)

Mad River Investors lowered its stake in Tejon Ranch Co. (NYSE:TRC - Free Report) by 54.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,825 shares of the real estate development and agribusiness company's stock after selling 115,600 shares during the period. Tejon Ranch makes up approximately 1.6% of Mad River Investors' holdings, making the stock its 13th largest holding. Mad River Investors owned about 0.37% of Tejon Ranch worth $1,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRC. Lazard Asset Management LLC bought a new stake in Tejon Ranch in the 4th quarter worth $29,000. Wells Fargo & Company MN grew its stake in shares of Tejon Ranch by 98.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,648 shares of the real estate development and agribusiness company's stock worth $31,000 after purchasing an additional 817 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Tejon Ranch by 107.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,785 shares of the real estate development and agribusiness company's stock worth $26,000 after purchasing an additional 924 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Tejon Ranch by 313.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,110 shares of the real estate development and agribusiness company's stock valued at $40,000 after purchasing an additional 1,600 shares during the period. Finally, NBC Securities Inc. bought a new position in Tejon Ranch during the 3rd quarter valued at approximately $39,000. Institutional investors own 60.63% of the company's stock.

Tejon Ranch Trading Down 2.3 %

Shares of TRC stock traded down $0.36 during trading hours on Wednesday, reaching $15.12. The company's stock had a trading volume of 100,716 shares, compared to its average volume of 52,987. The company has a current ratio of 6.90, a quick ratio of 6.60 and a debt-to-equity ratio of 0.10. Tejon Ranch Co. has a one year low of $14.90 and a one year high of $18.37. The stock has a market capitalization of $405.22 million, a P/E ratio of 116.39 and a beta of 0.63. The firm's fifty day simple moving average is $16.01 and its 200 day simple moving average is $16.17.

Tejon Ranch (NYSE:TRC - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The real estate development and agribusiness company reported $0.06 earnings per share for the quarter, beating 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 analysts' expectations of $14.27 million. Equities research analysts expect that Tejon Ranch Co. will post 0.1 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.