Proficio Capital Partners LLC acquired a new stake in shares of Tejon Ranch Co. (NYSE:TRC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,637 shares of the real estate development and agribusiness company's stock, valued at approximately $312,000. Proficio Capital Partners LLC owned 0.07% of Tejon Ranch as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings 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 purchasing an additional 4,424 shares in the last quarter. Barclays PLC increased its holdings 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. Charles Schwab Investment Management Inc. boosted its position in Tejon Ranch by 0.8% in the 3rd 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 buying an additional 1,486 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in 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 last quarter. 60.63% of the stock is owned by hedge funds and other institutional investors.
Tejon Ranch Price Performance
Shares of NYSE:TRC opened at $15.82 on Wednesday. The firm's 50 day moving average is $15.88 and its two-hundred day moving average is $16.34. Tejon Ranch Co. has a 52 week low of $14.70 and a 52 week high of $19.82. The firm has a market capitalization of $424.34 million, a P/E ratio of -1,582,000.00 and a beta of 0.59. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12.
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 the consensus estimate 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 firm had revenue of $17.94 million for the quarter, compared to analyst estimates of $15.53 million. Analysts anticipate that Tejon Ranch Co. will post -0.04 earnings per share for the current year.
Insider Buying and Selling at Tejon Ranch
In other news, Director Geoffrey L. Stack sold 2,500 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $15.60, for a total transaction of $39,000.00. Following the transaction, the director now owns 67,544 shares in the company, valued at approximately $1,053,686.40. The trade was a 3.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 22.44% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Tejon Ranch to a "sell" rating in a research report on Wednesday, March 5th.
View Our Latest Analysis on TRC
Tejon Ranch Profile
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding TRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tejon Ranch Co. (NYSE:TRC - Free Report).
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