Horizon Kinetics Asset Management LLC Cuts Stock Holdings in Tejon Ranch Co. (NYSE:TRC)

Horizon Kinetics Asset Management LLC decreased its stake in shares of Tejon Ranch Co. (NYSE:TRC - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 851,294 shares of the real estate development and agribusiness company's stock after selling 47,812 shares during the quarter. Horizon Kinetics Asset Management LLC owned about 3.17% of Tejon Ranch worth $13,536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Tejon Ranch by 298.1% during the 3rd quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company's stock worth $563,000 after acquiring an additional 24,015 shares during the period. Proficio Capital Partners LLC acquired a new stake in Tejon Ranch during the fourth quarter worth about $312,000. SG Americas Securities LLC raised its stake in 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 purchasing an additional 4,424 shares during the period. OFI Invest Asset Management acquired a new position in Tejon Ranch in the 4th quarter valued at about $632,000. Finally, Geode Capital Management LLC grew 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. Institutional investors and hedge funds own 60.63% of the company's stock.

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Tejon Ranch Trading Down 2.5 %

Shares of NYSE TRC traded down $0.40 during mid-day trading on Friday, reaching $15.67. 203,317 shares of the company's stock were exchanged, compared to its average volume of 87,742. The company's 50-day moving average is $15.91 and its 200-day moving average is $16.27. 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 firm has a market capitalization of $420.83 million, a price-to-earnings ratio of -1,567,000.00 and a beta of 0.59. Tejon Ranch Co. has a 52-week low of $14.71 and a 52-week high of $19.82.

Tejon Ranch (NYSE:TRC - Get Free Report) last announced its earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.14. The company 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%. Analysts expect that Tejon Ranch Co. will post -0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Tejon Ranch to a "sell" rating in a report 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.