Tejon Ranch (NYSE:TRC) Sets New 52-Week High - Here's Why

Key Points

• Tejon Ranch Co recently reached a new 52-week high of $19.39, closing at $19.15, with a market capitalization of approximately $514.64 million.
• In its latest earnings report, Tejon Ranch missed the consensus EPS estimate, reporting a loss of ($0.05) per share, while maintaining a net margin of 5.01% and total revenue of $8.21 million.
• Institutional investors currently hold over 60% of Tejon Ranch’s stock, indicating significant interest, with several firms drastically increasing their stakes in the past quarter.

Tejon Ranch Co (NYSE:TRC - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $19.39 and last traded at $19.15, with a volume of 115451 shares changing hands. The stock had previously closed at $19.27.

Tejon Ranch Stock Up 0.5%

The firm has a 50-day simple moving average of $17.20 and a 200 day simple moving average of $16.52. The company has a market capitalization of $502.52 million, a PE ratio of 208.11 and a beta of 0.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.68 and a quick ratio of 2.35.

Tejon Ranch (NYSE:TRC - Get Free Report) last announced its earnings results 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 net margin of 5.01% and a return on equity of 0.44%. The firm had revenue of $8.21 million during the quarter, compared to analysts' expectations of $7.57 million. On average, research analysts predict that Tejon Ranch Co will post -0.04 EPS for the current fiscal year.

Insider Activity at Tejon Ranch

In related news, CFO Brett A. Brown sold 5,356 shares of the stock in a transaction dated Friday, July 11th. The stock was 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 is accessible through this link. Company insiders own 22.44% of the company's stock.

Hedge Funds Weigh In On Tejon Ranch

Institutional investors have recently made changes to their positions in the business. NBC Securities Inc. grew its position in shares of Tejon Ranch by 86,300.0% during the first quarter. NBC Securities Inc. now owns 1,728 shares of the real estate development and agribusiness company's stock worth $27,000 after buying an additional 1,726 shares in the last quarter. Versant Capital Management Inc bought a new position in Tejon Ranch during the 1st quarter valued at $28,000. GAMMA Investing LLC grew its holdings in Tejon Ranch by 4,636.1% during the 1st quarter. GAMMA Investing LLC now owns 3,931 shares of the real estate development and agribusiness company's stock worth $62,000 after acquiring an additional 3,848 shares in the last quarter. Strs Ohio bought a new stake in shares of Tejon Ranch in the 1st quarter worth about $65,000. Finally, Deutsche Bank AG increased its position in shares of Tejon Ranch by 36.1% in the 4th quarter. Deutsche Bank AG now owns 11,022 shares of the real estate development and agribusiness company's stock worth $175,000 after purchasing an additional 2,922 shares during the last quarter. 60.63% of the stock is owned by institutional investors and hedge funds.

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.