Tejon Ranch Co. (NYSE:TRC) Sees Significant Decrease in Short Interest

Tejon Ranch Co. (NYSE:TRC - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 430,700 shares, a drop of 15.5% from the February 28th total of 509,800 shares. Approximately 1.8% of the company's shares are sold short. Based on an average trading volume of 110,800 shares, the days-to-cover ratio is presently 3.9 days.

Institutional Investors Weigh In On Tejon Ranch

Large investors have recently made changes to their positions in the stock. Versant Capital Management Inc bought a new stake in Tejon Ranch in the 1st quarter valued at $28,000. Kennondale Capital Management LLC bought a new stake in shares of Tejon Ranch in the fourth quarter valued at about $174,000. Deutsche Bank AG boosted its position in shares of Tejon Ranch by 36.1% during the fourth quarter. Deutsche Bank AG now owns 11,022 shares of the real estate development and agribusiness company's stock worth $175,000 after buying an additional 2,922 shares during the period. Occudo Quantitative Strategies LP bought a new position in shares of Tejon Ranch during the fourth quarter worth about $200,000. Finally, SG Americas Securities LLC raised 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. Institutional investors own 60.63% of the company's stock.

Tejon Ranch Trading Down 0.5 %

Tejon Ranch stock traded down $0.09 during mid-day trading on Friday, hitting $15.68. 112,917 shares of the company's stock were exchanged, compared to its average volume of 92,060. Tejon Ranch has a fifty-two week low of $14.71 and a fifty-two week high of $19.82. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $420.97 million, a P/E ratio of -1,567,500.00 and a beta of 0.59. The company's 50 day simple moving average is $15.93 and its 200-day simple moving average is $16.14.

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

Wall Street Analysts Forecast Growth

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

About Tejon Ranch

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.