Acuitas Investments LLC Has $1.92 Million Holdings in Tejon Ranch Co $TRC

Acuitas Investments LLC lessened its stake in shares of Tejon Ranch Co (NYSE:TRC) by 44.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 113,163 shares of the real estate development and agribusiness company’s stock after selling 91,516 shares during the period. Acuitas Investments LLC owned about 0.42% of Tejon Ranch worth $1,919,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRC. GAMMA Investing LLC raised its holdings in Tejon Ranch by 4,636.1% during the 1st quarter. GAMMA Investing LLC now owns 3,931 shares of the real estate development and agribusiness company’s stock worth $62,000 after buying an additional 3,848 shares during the period. CenterBook Partners LP raised its holdings in Tejon Ranch by 117.4% during the 1st quarter. CenterBook Partners LP now owns 145,039 shares of the real estate development and agribusiness company’s stock worth $2,299,000 after buying an additional 78,339 shares during the period. Nuveen LLC acquired a new stake in Tejon Ranch during the 1st quarter worth about $1,046,000. Brandywine Global Investment Management LLC raised its holdings in Tejon Ranch by 15.3% during the 1st quarter. Brandywine Global Investment Management LLC now owns 97,712 shares of the real estate development and agribusiness company’s stock worth $1,549,000 after buying an additional 12,980 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Tejon Ranch by 9.8% in the 1st quarter. American Century Companies Inc. now owns 47,924 shares of the real estate development and agribusiness company’s stock valued at $760,000 after purchasing an additional 4,288 shares during the period. Institutional investors and hedge funds own 60.63% of the company’s stock.

Tejon Ranch Trading Up 1.4%

Shares of TRC stock opened at $16.14 on Friday. Tejon Ranch Co has a 12 month low of $14.70 and a 12 month high of $19.39. The company has a quick ratio of 1.66, a current ratio of 2.24 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $16.44 and its two-hundred day moving average is $16.87. The company has a market cap of $434.00 million, a PE ratio of -1,614.00 and a beta of 0.64.

Tejon Ranch (NYSE:TRC) last announced its quarterly earnings results on Thursday, August 7th. The real estate development and agribusiness company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). Tejon Ranch had a negative net margin of 1.17% and a negative return on equity of 0.11%. The company had revenue of $8.31 million for the quarter, compared to analyst estimates of $8.10 million. Equities analysts predict that Tejon Ranch Co will post -0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Tejon Ranch in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

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.