Horizon Kinetics Asset Management LLC Sells 47,812 Shares of Tejon Ranch Co. (NYSE:TRC)

Horizon Kinetics Asset Management LLC lessened its stake in shares of Tejon Ranch Co. (NYSE:TRC) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 851,294 shares of the real estate development and agribusiness company’s stock after selling 47,812 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Tejon Ranch were worth $13,536,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TRC. SG Americas Securities LLC increased its stake in Tejon Ranch by 30.3% during the 4th quarter. SG Americas Securities LLC now owns 19,010 shares of the real estate development and agribusiness company’s stock worth $302,000 after acquiring an additional 4,424 shares during the period. Proficio Capital Partners LLC bought a new position in Tejon Ranch during the 4th quarter worth $312,000. Barclays PLC boosted its holdings 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 in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Tejon Ranch in the 4th quarter valued at $632,000. Finally, Levin Capital Strategies L.P. boosted its holdings in shares of Tejon Ranch by 11.7% in the 4th quarter. Levin Capital Strategies L.P. now owns 70,653 shares of the real estate development and agribusiness company’s stock valued at $1,123,000 after purchasing an additional 7,422 shares in the last quarter. Institutional investors own 60.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tejon Ranch Trading Up 0.7 %

NYSE TRC opened at $16.11 on Monday. 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 twelve month low of $14.70 and a twelve month high of $19.82. The company has a market cap of $432.52 million, a price-to-earnings ratio of -1,610,500.00 and a beta of 0.59. The business’s fifty day moving average is $15.89 and its 200 day moving average is $16.30.

Tejon Ranch (NYSE:TRC) last announced its earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.03 by $0.14. The firm had revenue of $17.94 million for 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, sell-side analysts expect that Tejon Ranch Co. will post -0.04 EPS for the current fiscal year.

About Tejon Ranch

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.