Renaissance Technologies LLC Sells 35,400 Shares of Tejon Ranch Co. (NYSE:TRC)

Renaissance Technologies LLC trimmed its holdings in shares of Tejon Ranch Co. (NYSE:TRC - Free Report) by 9.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 338,948 shares of the real estate development and agribusiness company's stock after selling 35,400 shares during the period. Renaissance Technologies LLC owned approximately 1.26% of Tejon Ranch worth $5,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of 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 during the period. Proficio Capital Partners LLC acquired a new stake in shares of Tejon Ranch during the 4th quarter valued at $312,000. SG Americas Securities LLC increased its stake in shares of Tejon Ranch by 30.3% in 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 acquiring an additional 4,424 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Tejon Ranch by 0.8% during the third quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company's stock worth $9,444,000 after acquiring an additional 4,247 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Tejon Ranch in the fourth quarter valued at about $632,000. 60.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Tejon Ranch Stock Down 0.2 %

NYSE:TRC traded down $0.04 during trading hours on Friday, reaching $17.14. The company's stock had a trading volume of 35,977 shares, compared to its average volume of 96,442. Tejon Ranch Co. has a one year low of $14.71 and a one year high of $19.82. The business's 50-day moving average is $15.97 and its 200-day moving average is $16.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. The company has a market cap of $460.38 million, a price-to-earnings ratio of -1,713,500.00 and a beta of 0.57.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.14. The firm had revenue of $17.94 million during the quarter, compared to analysts' expectations of $15.53 million. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. Equities research analysts predict that Tejon Ranch Co. will post -0.04 EPS for the current year.

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.