Gamco Investors INC. ET AL Acquires 52,401 Shares of Tejon Ranch Co. (NYSE:TRC)

Gamco Investors INC. ET AL raised its stake in Tejon Ranch Co. (NYSE:TRC - Free Report) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 719,127 shares of the real estate development and agribusiness company's stock after acquiring an additional 52,401 shares during the quarter. Gamco Investors INC. ET AL owned approximately 2.68% of Tejon Ranch worth $11,434,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Kennondale Capital Management LLC bought a new position in Tejon Ranch in the 4th quarter valued at approximately $174,000. SG Americas Securities LLC increased its holdings in shares of 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 buying an additional 4,424 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Tejon Ranch in the 4th quarter valued at $312,000. Covestor Ltd grew its position in Tejon Ranch by 18.3% during the 4th quarter. Covestor Ltd now owns 22,412 shares of the real estate development and agribusiness company's stock worth $356,000 after acquiring an additional 3,466 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Tejon Ranch by 190.7% during the 4th quarter. JPMorgan Chase & Co. now owns 27,666 shares of the real estate development and agribusiness company's stock worth $440,000 after acquiring an additional 18,149 shares during the last quarter. 60.63% of the stock is currently owned by institutional investors and hedge funds.

Tejon Ranch Trading Up 1.1 %

Shares of Tejon Ranch stock traded up $0.18 during midday trading on Friday, reaching $16.57. The company had a trading volume of 147,683 shares, compared to its average volume of 95,230. The firm has a market cap of $445.07 million, a PE ratio of -1,656,500.00 and a beta of 0.57. The stock has a fifty day moving average price of $15.87 and a 200 day moving average price of $16.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. Tejon Ranch Co. has a fifty-two week low of $14.71 and a fifty-two 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 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 business had revenue of $17.94 million during the quarter, compared to the consensus estimate of $15.53 million. On average, equities analysts anticipate that Tejon Ranch Co. will post -0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Tejon Ranch to a "sell" rating in a research note 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.