CenterBook Partners LP Buys New Position in Tejon Ranch Co. (NYSE:TRC)

CenterBook Partners LP acquired a new stake in Tejon Ranch Co. (NYSE:TRC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 66,700 shares of the real estate development and agribusiness company's stock, valued at approximately $1,061,000. CenterBook Partners LP owned approximately 0.25% of Tejon Ranch at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TRC. Charles Schwab Investment Management Inc. raised its stake in shares of Tejon Ranch by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company's stock valued at $3,413,000 after acquiring an additional 1,486 shares in the last quarter. Barclays PLC raised its position in Tejon Ranch by 298.1% in the 3rd quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company's stock valued at $563,000 after purchasing an additional 24,015 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Tejon Ranch by 0.8% in the 3rd 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 buying an additional 4,247 shares during the period. SG Americas Securities LLC grew its position in shares of Tejon Ranch by 30.3% during the fourth quarter. SG Americas Securities LLC now owns 19,010 shares of the real estate development and agribusiness company's stock worth $302,000 after buying an additional 4,424 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Tejon Ranch during the fourth quarter worth approximately $312,000. Institutional investors and hedge funds own 60.63% of the company's stock.

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Tejon Ranch Stock Up 1.2 %

NYSE TRC traded up $0.20 during trading on Tuesday, reaching $16.44. 102,430 shares of the company's stock were exchanged, compared to its average volume of 94,670. Tejon Ranch Co. has a 1 year low of $14.71 and a 1 year high of $19.82. The stock has a market cap of $441.58 million, a P/E ratio of -1,643,500.00 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.46 and a current ratio of 2.84. The company has a 50 day moving average price of $15.85 and a two-hundred day moving average price of $16.01.

Tejon Ranch (NYSE:TRC - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $17.94 million during the quarter, compared to the consensus estimate of $15.53 million. On average, equities research analysts anticipate that Tejon Ranch Co. will post -0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Tejon Ranch to a "sell" rating in a research note 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.