Occudo Quantitative Strategies LP Takes Position in Tejon Ranch Co. (NYSE:TRC)

Occudo Quantitative Strategies LP acquired a new stake in Tejon Ranch Co. (NYSE:TRC) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 12,587 shares of the real estate development and agribusiness company’s stock, valued at approximately $200,000.

Other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of Tejon Ranch by 298.1% in the 3rd quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock valued at $563,000 after purchasing an additional 24,015 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $440,000 after purchasing an additional 18,149 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Tejon Ranch in the 4th quarter valued at $312,000. CenterBook Partners LP bought a new stake in shares of Tejon Ranch in the 4th quarter valued at $1,061,000. Finally, SG Americas Securities LLC boosted its stake in shares of Tejon Ranch by 30.3% in the 4th quarter. SG Americas Securities LLC now owns 19,010 shares of the real estate development and agribusiness company’s stock valued at $302,000 after purchasing an additional 4,424 shares during the last quarter. 60.63% of the stock is owned by institutional investors.

Tejon Ranch Stock Down 0.8%

Tejon Ranch stock opened at $16.64 on Friday. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. Tejon Ranch Co. has a 12-month low of $14.71 and a 12-month high of $19.82. The firm’s fifty day moving average is $16.36 and its 200 day moving average is $16.05. The company has a market capitalization of $447.38 million, a PE ratio of -1,664,300.00 and a beta of 0.64.

Tejon Ranch (NYSE:TRC) last released its earnings results on Thursday, May 8th. The real estate development and agribusiness company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. The company had revenue of $8.21 million for the quarter, compared to analyst estimates of $7.57 million. As a group, sell-side analysts predict that Tejon Ranch Co. will post -0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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.