Tejon Ranch Co $TRC Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC lifted its stake in shares of Tejon Ranch Co (NYSE:TRC) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,000 shares of the real estate development and agribusiness company’s stock after buying an additional 28,000 shares during the quarter. Gabelli Funds LLC’s holdings in Tejon Ranch were worth $4,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in TRC. UBS Group AG grew its position in shares of Tejon Ranch by 482.2% during the third quarter. UBS Group AG now owns 307,887 shares of the real estate development and agribusiness company’s stock worth $4,920,000 after buying an additional 255,008 shares in the last quarter. Teton Advisors LLC acquired a new stake in shares of Tejon Ranch during the third quarter worth approximately $1,326,000. Two Sigma Investments LP acquired a new stake in shares of Tejon Ranch during the third quarter worth approximately $1,314,000. Marshall Wace LLP acquired a new stake in shares of Tejon Ranch during the second quarter worth approximately $770,000. Finally, Jane Street Group LLC grew its position in shares of Tejon Ranch by 129.4% during 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 buying an additional 32,768 shares in the last quarter. Institutional investors and hedge funds own 60.63% of the company’s stock.

Analyst Upgrades and Downgrades

TRC has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Tejon Ranch from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, March 20th. Wall Street Zen raised shares of Tejon Ranch from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Tejon Ranch Stock Performance

Shares of TRC opened at $19.43 on Friday. The business’s fifty day moving average price is $19.33 and its 200 day moving average price is $17.43. Tejon Ranch Co has a 12-month low of $15.31 and a 12-month high of $21.31. The stock has a market capitalization of $524.69 million, a PE ratio of 277.65 and a beta of 0.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.76 and a quick ratio of 2.25.

Tejon Ranch (NYSE:TRC) last announced its quarterly earnings data on Thursday, May 7th. The real estate development and agribusiness company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. Tejon Ranch had a return on equity of 0.35% and a net margin of 3.32%.The firm had revenue of $9.50 million for the quarter, compared to analysts’ expectations of $8.75 million. Equities research analysts forecast that Tejon Ranch Co will post 0.11 EPS for the current year.

Tejon Ranch Company Profile

Tejon Ranch Corporation (NYSE: TRC) is one of California’s largest private landowners, with a diversified portfolio spanning agriculture, real estate development and natural resource operations. Headquartered in Lebec, California, the company’s holdings encompass approximately 270,000 acres in Kern and Los Angeles counties. Established in 1937 on the historic Rancho Tejon land grant, Tejon Ranch has leveraged its strategic location along Interstate 5 to build a multifaceted enterprise serving both local and regional markets.

In agriculture, Tejon Ranch grows a variety of row crops and permanent plantings, including almonds, pistachios, table grapes and citrus.