Teton Advisors Inc. Reduces Holdings in Tejon Ranch Co. (NYSE:TRC)

Teton Advisors Inc. reduced its position in shares of Tejon Ranch Co. (NYSE:TRC) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 85,000 shares of the real estate development and agribusiness company’s stock after selling 1,100 shares during the quarter. Teton Advisors Inc.’s holdings in Tejon Ranch were worth $1,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. lifted its holdings in Tejon Ranch by 2.2% in the 4th quarter. Invesco Ltd. now owns 33,531 shares of the real estate development and agribusiness company’s stock worth $533,000 after buying an additional 724 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Tejon Ranch by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 195,879 shares of the real estate development and agribusiness company’s stock valued at $3,114,000 after acquiring an additional 1,409 shares during the last quarter. Gabelli Funds LLC grew its holdings in Tejon Ranch by 1.3% during the 4th quarter. Gabelli Funds LLC now owns 144,000 shares of the real estate development and agribusiness company’s stock worth $2,290,000 after acquiring an additional 1,800 shares in the last quarter. Covestor Ltd grew its holdings in Tejon Ranch by 18.3% during the 4th quarter. Covestor Ltd now owns 22,412 shares of the real estate development and agribusiness company’s stock worth $356,000 after acquiring an additional 3,466 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Tejon Ranch by 11.4% in the 4th quarter. Barclays PLC now owns 35,727 shares of the real estate development and agribusiness company’s stock valued at $568,000 after purchasing an additional 3,655 shares in the last quarter. 60.63% of the stock is currently owned by hedge funds and other institutional investors.

Tejon Ranch Price Performance

Shares of NYSE TRC opened at $16.26 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $436.87 million, a price-to-earnings ratio of -1,626,000.00 and a beta of 0.57. Tejon Ranch Co. has a twelve month low of $14.71 and a twelve month high of $19.82. The business has a 50 day simple moving average of $15.85 and a 200-day simple moving average of $16.01.

Tejon Ranch (NYSE:TRC) last released its earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.14. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. The firm had revenue of $17.94 million during the quarter, compared to analyst estimates of $15.53 million. As a group, equities research analysts expect that Tejon Ranch Co. will post -0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Tejon Ranch to a “sell” rating in a research note on Wednesday, March 5th.

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.