Foundation Resource Management Inc. Raises Holdings in Tejon Ranch Co. (NYSE:TRC)

Foundation Resource Management Inc. grew its holdings in Tejon Ranch Co. (NYSE:TRCFree Report) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 482,773 shares of the real estate development and agribusiness company’s stock after buying an additional 6,620 shares during the quarter. Foundation Resource Management Inc. owned about 1.80% of Tejon Ranch worth $7,440,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. CWM LLC grew its position in Tejon Ranch by 125.9% during 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 during the 4th quarter worth approximately $52,000. New York State Common Retirement Fund grew its holdings in shares of Tejon Ranch by 89.6% in the 3rd quarter. New York State Common Retirement Fund now owns 10,173 shares of the real estate development and agribusiness company’s stock worth $165,000 after acquiring an additional 4,808 shares during the period. SG Americas Securities LLC increased its stake in Tejon Ranch by 35.8% in the 4th quarter. SG Americas Securities LLC now owns 12,913 shares of the real estate development and agribusiness company’s stock valued at $222,000 after purchasing an additional 3,401 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Tejon Ranch during the third quarter worth $369,000. 60.63% of the stock is currently owned by hedge funds and other institutional investors.

Tejon Ranch Price Performance

TRC traded down $0.27 during trading on Friday, reaching $16.60. 131,044 shares of the stock were exchanged, compared to its average volume of 125,937. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.86 and a quick ratio of 4.48. The company has a market capitalization of $444.88 million, a price-to-earnings ratio of 553.52 and a beta of 0.61. Tejon Ranch Co. has a 1 year low of $14.80 and a 1 year high of $18.98. The business’s 50 day moving average price is $16.91 and its two-hundred day moving average price is $16.47.

Tejon Ranch (NYSE:TRCGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The real estate development and agribusiness company reported ($0.03) EPS for the quarter. Tejon Ranch had a return on equity of 0.12% and a net margin of 1.45%. The business had revenue of $7.41 million during the quarter. As a group, equities research analysts anticipate that Tejon Ranch Co. will post 0.04 earnings per share for the current year.

Tejon Ranch Company Profile

(Free Report)

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.

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

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