Teton Advisors Inc. Has $1.62 Million Stock Position in Tejon Ranch Co. (NYSE:TRC)

Teton Advisors Inc. trimmed its position in Tejon Ranch Co. (NYSE:TRC) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,000 shares of the real estate development and agribusiness company’s stock after selling 1,500 shares during the quarter. Teton Advisors Inc. owned approximately 0.35% of Tejon Ranch worth $1,617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Close LLC boosted its holdings in shares of Tejon Ranch by 8.4% in the fourth quarter. Oppenheimer & Close LLC now owns 128,981 shares of the real estate development and agribusiness company’s stock worth $2,218,000 after buying an additional 10,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Tejon Ranch by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,636,448 shares of the real estate development and agribusiness company’s stock worth $28,148,000 after buying an additional 40,989 shares during the period. CWM LLC boosted its holdings in shares of Tejon Ranch by 125.9% in the fourth quarter. CWM LLC now owns 1,579 shares of the real estate development and agribusiness company’s stock worth $27,000 after buying an additional 880 shares during the period. Blue Trust Inc. purchased a new stake in shares of Tejon Ranch in the fourth quarter worth approximately $52,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Tejon Ranch by 72.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 40,468 shares of the real estate development and agribusiness company’s stock worth $696,000 after purchasing an additional 17,040 shares in the last quarter. 60.63% of the stock is currently owned by institutional investors and hedge funds.

Tejon Ranch Stock Down 1.4 %

Shares of NYSE TRC traded down $0.23 during mid-day trading on Tuesday, reaching $16.78. The company had a trading volume of 64,372 shares, compared to its average volume of 55,916. The stock has a fifty day moving average of $15.95 and a two-hundred day moving average of $16.18. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.60 and a current ratio of 6.90. The company has a market capitalization of $449.70 million, a price-to-earnings ratio of 129.09 and a beta of 0.64. Tejon Ranch Co. has a 12-month low of $14.80 and a 12-month high of $18.37.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings results on Wednesday, March 6th. The real estate development and agribusiness company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $16.17 million during the quarter, compared to analyst estimates of $14.27 million. Tejon Ranch had a net margin of 7.30% and a return on equity of 0.68%. As a group, equities research analysts expect that Tejon Ranch Co. will post 0.1 EPS for the current year.

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.