Brandywine Global Investment Management LLC Reduces Stock Position in Tejon Ranch Co. (NYSE:TRC)

Brandywine Global Investment Management LLC lessened its holdings in shares of Tejon Ranch Co. (NYSE:TRC) by 4.2% during the fourth quarter, Holdings Channel reports. The firm owned 84,732 shares of the real estate development and agribusiness company’s stock after selling 3,700 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Tejon Ranch were worth $1,347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OFI Invest Asset Management bought a new stake in shares of Tejon Ranch in the 4th quarter worth approximately $632,000. Barclays PLC boosted its holdings in Tejon Ranch by 298.1% in the third quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock valued at $563,000 after acquiring an additional 24,015 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Tejon Ranch during the 4th quarter valued at $312,000. JPMorgan Chase & Co. raised its holdings in Tejon Ranch by 190.7% in the 4th quarter. JPMorgan Chase & Co. now owns 27,666 shares of the real estate development and agribusiness company’s stock worth $440,000 after purchasing an additional 18,149 shares in the last quarter. Finally, Kennondale Capital Management LLC purchased a new stake in shares of Tejon Ranch in the 4th quarter worth about $174,000. Institutional investors own 60.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

Tejon Ranch Stock Down 0.1 %

TRC stock opened at $15.91 on Thursday. The company has a market capitalization of $427.28 million, a price-to-earnings ratio of -1,591,000.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.46 and a current ratio of 2.84. The business’s 50 day moving average price is $15.93 and its two-hundred day moving average price is $16.17. Tejon Ranch Co. has a fifty-two week low of $14.71 and a fifty-two week high of $19.82.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings data on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. The business had revenue of $17.94 million during the quarter, compared to the consensus estimate of $15.53 million. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. As a group, analysts forecast that Tejon Ranch Co. will post -0.04 earnings per share for the current fiscal 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.