Tejon Ranch Co. (NYSE:TRC) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in Tejon Ranch Co. (NYSE:TRC - Free Report) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,116,370 shares of the real estate development and agribusiness company's stock after selling 71,638 shares during the quarter. Vanguard Group Inc. owned about 7.89% of Tejon Ranch worth $33,650,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. OFI Invest Asset Management acquired a new stake in shares of Tejon Ranch in the fourth quarter valued at about $632,000. Barclays PLC lifted its holdings in Tejon Ranch by 298.1% in the third quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company's stock valued at $563,000 after acquiring an additional 24,015 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Tejon Ranch during the 4th quarter worth $312,000. Kennondale Capital Management LLC acquired a new position in shares of Tejon Ranch in the 4th quarter worth approximately $174,000. Finally, Levin Capital Strategies L.P. boosted its position in shares of 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 period. Institutional investors and hedge funds own 60.63% of the company's stock.

Tejon Ranch Stock Up 1.2 %

NYSE:TRC traded up $0.20 during trading hours on Tuesday, hitting $16.44. The company's stock had a trading volume of 102,430 shares, compared to its average volume of 94,670. The stock has a market capitalization of $441.58 million, a P/E ratio of -1,643,500.00 and a beta of 0.57. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $15.85 and a 200-day moving average of $16.01. Tejon Ranch Co. has a 52-week low of $14.71 and a 52-week high of $19.82.

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Tejon Ranch (NYSE:TRC - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.03 by $0.14. The company had revenue of $17.94 million for the quarter, compared to analyst estimates of $15.53 million. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. On average, equities analysts forecast that Tejon Ranch Co. will post -0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Tejon Ranch to a "sell" rating in a research note 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.