Acuitas Investments LLC Sells 91,516 Shares of Tejon Ranch Co $TRC

Acuitas Investments LLC lessened its stake in Tejon Ranch Co (NYSE:TRC) by 44.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,163 shares of the real estate development and agribusiness company’s stock after selling 91,516 shares during the period. Acuitas Investments LLC’s holdings in Tejon Ranch were worth $1,919,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TRC. GAMMA Investing LLC raised its holdings in Tejon Ranch by 4,636.1% in the 1st quarter. GAMMA Investing LLC now owns 3,931 shares of the real estate development and agribusiness company’s stock valued at $62,000 after acquiring an additional 3,848 shares in the last quarter. Strs Ohio acquired a new position in Tejon Ranch in the 1st quarter valued at approximately $65,000. American Century Companies Inc. raised its holdings in Tejon Ranch by 9.8% in the 1st quarter. American Century Companies Inc. now owns 47,924 shares of the real estate development and agribusiness company’s stock valued at $760,000 after acquiring an additional 4,288 shares in the last quarter. Jane Street Group LLC lifted its position in Tejon Ranch by 129.4% in the first quarter. Jane Street Group LLC now owns 58,095 shares of the real estate development and agribusiness company’s stock worth $921,000 after purchasing an additional 32,768 shares during the period. Finally, Nuveen LLC bought a new position in Tejon Ranch in the first quarter worth $1,046,000. Institutional investors and hedge funds own 60.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tejon Ranch in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Tejon Ranch Stock Up 1.4%

Shares of NYSE TRC opened at $16.14 on Friday. The stock has a market cap of $434.00 million, a PE ratio of -1,614.00 and a beta of 0.64. The business has a fifty day moving average of $16.44 and a two-hundred day moving average of $16.87. Tejon Ranch Co has a 52-week low of $14.70 and a 52-week high of $19.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.24.

Tejon Ranch (NYSE:TRC) last issued its quarterly earnings data on Thursday, August 7th. The real estate development and agribusiness company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). The company had revenue of $8.31 million for the quarter, compared to the consensus estimate of $8.10 million. Tejon Ranch had a negative net margin of 1.17% and a negative return on equity of 0.11%. As a group, equities research analysts expect that Tejon Ranch Co will post -0.04 earnings per share for the current fiscal 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.