41,162 Shares in Tejon Ranch Co. (NYSE:TRC) Acquired by OFI Invest Asset Management

OFI Invest Asset Management purchased a new stake in shares of Tejon Ranch Co. (NYSE:TRC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 41,162 shares of the real estate development and agribusiness company's stock, valued at approximately $632,000. OFI Invest Asset Management owned approximately 0.15% of Tejon Ranch at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in Tejon Ranch by 30.3% in the 4th quarter. SG Americas Securities LLC now owns 19,010 shares of the real estate development and agribusiness company's stock valued at $302,000 after buying an additional 4,424 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Tejon Ranch in the fourth quarter valued at about $312,000. Barclays PLC grew its stake in 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 valued at $563,000 after purchasing an additional 24,015 shares in the last quarter. Levin Capital Strategies L.P. increased its holdings in Tejon Ranch by 11.7% during the 4th quarter. Levin Capital Strategies L.P. now owns 70,653 shares of the real estate development and agribusiness company's stock worth $1,123,000 after purchasing an additional 7,422 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Tejon Ranch by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 195,879 shares of the real estate development and agribusiness company's stock valued at $3,114,000 after purchasing an additional 1,409 shares in the last quarter. Hedge funds and other institutional investors own 60.63% of the company's stock.

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Tejon Ranch Stock Up 2.3 %

Shares of TRC traded up $0.36 during midday trading on Wednesday, hitting $16.18. The company had a trading volume of 206,780 shares, compared to its average volume of 99,785. The stock has a market cap of $434.53 million, a price-to-earnings ratio of -1,618,000.00 and a beta of 0.59. The company's 50 day moving average price is $15.89 and its 200 day moving average price is $16.34. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. Tejon Ranch Co. has a 52 week low of $14.70 and a 52 week high of $19.82.

Tejon Ranch (NYSE:TRC - Get Free Report) last posted 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, topping analysts' consensus estimates of $0.03 by $0.14. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. The company had revenue of $17.94 million for the quarter, compared to the consensus estimate of $15.53 million. On average, equities research analysts predict that Tejon Ranch Co. will post -0.04 EPS for the current year.

Insider Transactions at Tejon Ranch

In other news, Director Geoffrey L. Stack sold 2,500 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $15.60, for a total value of $39,000.00. Following the sale, the director now owns 67,544 shares of the company's stock, valued at approximately $1,053,686.40. The trade was a 3.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 22.44% of the company's stock.

Wall Street Analyst Weigh In

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

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.