Tejon Ranch (NYSE:TRC) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Tejon Ranch Co. (NYSE:TRC - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.00 and traded as high as $17.23. Tejon Ranch shares last traded at $17.11, with a volume of 114,587 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Tejon Ranch to a "sell" rating in a research note on Wednesday, March 5th.

Tejon Ranch Stock Up 0.7 %

The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average of $16.07 and a 200-day moving average of $16.02. The firm has a market cap of $457.86 million, a price-to-earnings ratio of -1,704,100.00 and a beta of 0.57.

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

Hedge Funds Weigh In On Tejon Ranch

Several hedge funds and other institutional investors have recently made changes to their positions in the business. NBC Securities Inc. raised its stake in Tejon Ranch by 86,300.0% during the 1st quarter. NBC Securities Inc. now owns 1,728 shares of the real estate development and agribusiness company's stock valued at $27,000 after acquiring an additional 1,726 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Tejon Ranch during the first quarter valued at about $28,000. GAMMA Investing LLC lifted its holdings in Tejon Ranch by 4,636.1% in the first quarter. GAMMA Investing LLC now owns 3,931 shares of the real estate development and agribusiness company's stock worth $62,000 after purchasing an additional 3,848 shares during the period. Kennondale Capital Management LLC bought a new position in Tejon Ranch in the 4th quarter valued at about $174,000. Finally, Deutsche Bank AG increased its stake in Tejon Ranch by 36.1% during the 4th quarter. Deutsche Bank AG now owns 11,022 shares of the real estate development and agribusiness company's stock valued at $175,000 after buying an additional 2,922 shares during the period. 60.63% of the stock is currently 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.