65,000 Shares in Tejon Ranch (NYSE:TRC) Acquired by Paloma Partners Management Co

Paloma Partners Management Co bought a new stake in shares of Tejon Ranch (NYSE:TRC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 65,000 shares of the real estate development and agribusiness company’s stock, valued at approximately $1,349,000. Paloma Partners Management Co owned 0.25% of Tejon Ranch at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TRC. Wells Fargo & Company MN grew its stake in shares of Tejon Ranch by 2.0% in the 2nd quarter. Wells Fargo & Company MN now owns 9,777 shares of the real estate development and agribusiness company’s stock worth $201,000 after purchasing an additional 189 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Tejon Ranch by 13.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,039 shares of the real estate development and agribusiness company’s stock worth $269,000 after purchasing an additional 1,595 shares during the last quarter. American International Group Inc. grew its stake in shares of Tejon Ranch by 24.7% in the 4th quarter. American International Group Inc. now owns 12,428 shares of the real estate development and agribusiness company’s stock worth $258,000 after purchasing an additional 2,458 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Tejon Ranch by 5.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 56,804 shares of the real estate development and agribusiness company’s stock worth $1,199,000 after purchasing an additional 3,151 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Tejon Ranch by 33.6% in the 2nd quarter. New York State Common Retirement Fund now owns 18,300 shares of the real estate development and agribusiness company’s stock worth $378,000 after purchasing an additional 4,599 shares during the last quarter. 75.83% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of TRC traded down $0.06 during mid-day trading on Friday, hitting $23.90. The company’s stock had a trading volume of 128,793 shares, compared to its average volume of 94,576. The company has a quick ratio of 9.69, a current ratio of 9.92 and a debt-to-equity ratio of 0.15. Tejon Ranch has a fifty-two week low of $18.59 and a fifty-two week high of $24.58.

Tejon Ranch (NYSE:TRC) last announced its quarterly earnings data on Monday, March 12th. The real estate development and agribusiness company reported $0.01 earnings per share (EPS) for the quarter. Tejon Ranch had a negative net margin of 4.36% and a negative return on equity of 0.43%. The company had revenue of $11.68 million for the quarter.

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Tejon Ranch Profile

Tejon Ranch Co is a diversified real estate development and agribusiness company. The Company operates through five segments: Real Estate-Commercial/Industrial; Real Estate-Resort/Residential; Mineral Resources; Farming Operations, and Ranch Operations. Its Real Estate-Commercial/Industrial segment is engaged in building, land lease activities, and land and building sales.

Institutional Ownership by Quarter for Tejon Ranch (NYSE:TRC)

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