OFI Invest Asset Management Makes New Investment in Tejon Ranch Co. (NYSE:TRC)

OFI Invest Asset Management bought a new position in Tejon Ranch Co. (NYSE:TRC) in the fourth quarter, Holdings Channel.com reports. The fund bought 41,162 shares of the real estate development and agribusiness company’s stock, valued at approximately $632,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position 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 worth $563,000 after purchasing an additional 24,015 shares during the period. SG Americas Securities LLC lifted its position in Tejon Ranch by 30.3% in the fourth quarter. SG Americas Securities LLC now owns 19,010 shares of the real estate development and agribusiness company’s stock worth $302,000 after purchasing an additional 4,424 shares during the period. Geode Capital Management LLC lifted its position in Tejon Ranch by 0.8% in the third quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company’s stock worth $9,444,000 after purchasing an additional 4,247 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Tejon Ranch by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company’s stock valued at $3,413,000 after buying an additional 1,486 shares in the last quarter. Finally, Levin Capital Strategies L.P. increased its holdings in shares of Tejon Ranch by 11.7% in the fourth 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 buying an additional 7,422 shares in the last quarter. 60.63% of the stock is currently owned by institutional investors and hedge funds.

Tejon Ranch Price Performance

NYSE TRC opened at $16.31 on Monday. The stock has a market capitalization of $437.54 million, a P/E ratio of -1,631,200.00 and a beta of 0.59. Tejon Ranch Co. has a 1 year low of $14.70 and a 1 year high of $19.82. The business’s fifty day moving average is $15.88 and its two-hundred day moving average is $16.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.46 and a current ratio of 2.84.

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

Insider Buying and Selling at Tejon Ranch

In other Tejon Ranch news, Director Geoffrey L. Stack sold 2,500 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $15.60, for a total transaction of $39,000.00. Following the sale, the director now directly owns 67,544 shares of the company’s stock, valued at $1,053,686.40. The trade was a 3.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 22.44% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Tejon Ranch to a “sell” rating in a report 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.