Teton Advisors Inc. Sells 1,500 Shares of Tejon Ranch Co. (NYSE:TRC)

Teton Advisors Inc. reduced its holdings in shares of Tejon Ranch Co. (NYSE:TRC) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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.’s holdings in Tejon Ranch were worth $1,617,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of Tejon Ranch by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,636,448 shares of the real estate development and agribusiness company’s stock valued at $28,148,000 after buying an additional 40,989 shares during the last quarter. Oppenheimer & Close LLC boosted its holdings in shares of Tejon Ranch by 47.8% in the 3rd quarter. Oppenheimer & Close LLC now owns 118,981 shares of the real estate development and agribusiness company’s stock valued at $1,930,000 after buying an additional 38,458 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Tejon Ranch during the 3rd quarter valued at $369,000. Levin Capital Strategies L.P. lifted its holdings in Tejon Ranch by 36.3% during the 3rd quarter. Levin Capital Strategies L.P. now owns 71,441 shares of the real estate development and agribusiness company’s stock valued at $1,159,000 after purchasing an additional 19,020 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Tejon Ranch by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,141,947 shares of the real estate development and agribusiness company’s stock valued at $18,522,000 after purchasing an additional 17,865 shares during the last quarter. 60.63% of the stock is owned by institutional investors.

Tejon Ranch Stock Performance

Tejon Ranch stock traded down $0.23 during mid-day trading on Tuesday, hitting $16.78. 64,372 shares of the company’s stock traded hands, compared to its average volume of 55,916. The firm has a 50 day simple moving average of $15.95 and a two-hundred day simple moving average of $16.18. Tejon Ranch Co. has a fifty-two week low of $14.80 and a fifty-two week high of $18.37. The stock has a market cap of $449.70 million, a price-to-earnings ratio of 129.09 and a beta of 0.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.90 and a quick ratio of 6.60.

Tejon Ranch (NYSE:TRC) last announced 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, beating the consensus estimate of ($0.01) by $0.07. Tejon Ranch had a return on equity of 0.68% and a net margin of 7.30%. The business had revenue of $16.17 million during the quarter, compared to the consensus estimate of $14.27 million. On average, research analysts expect that Tejon Ranch Co. will post 0.1 EPS 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.