Royce & Associates LP Decreases Holdings in Tejon Ranch (TRC)

Share on StockTwits

Royce & Associates LP cut its holdings in shares of Tejon Ranch (NYSE:TRC) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,584,117 shares of the real estate development and agribusiness company’s stock after selling 52,198 shares during the quarter. Royce & Associates LP owned 6.10% of Tejon Ranch worth $26,265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Foundation Resource Management Inc. boosted its position in Tejon Ranch by 0.8% during the 4th quarter. Foundation Resource Management Inc. now owns 156,941 shares of the real estate development and agribusiness company’s stock worth $2,602,000 after acquiring an additional 1,253 shares during the period. Marquette Asset Management LLC raised its stake in shares of Tejon Ranch by 11.6% during the 4th quarter. Marquette Asset Management LLC now owns 12,230 shares of the real estate development and agribusiness company’s stock worth $203,000 after purchasing an additional 1,268 shares in the last quarter. Mraz Amerine & Associates Inc. raised its stake in shares of Tejon Ranch by 25.9% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 14,562 shares of the real estate development and agribusiness company’s stock worth $241,000 after purchasing an additional 3,000 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Tejon Ranch by 7.8% during the 3rd quarter. Teachers Advisors LLC now owns 42,421 shares of the real estate development and agribusiness company’s stock worth $921,000 after purchasing an additional 3,078 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Tejon Ranch by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 337,868 shares of the real estate development and agribusiness company’s stock worth $8,211,000 after purchasing an additional 4,078 shares in the last quarter. Hedge funds and other institutional investors own 71.97% of the company’s stock.

TRC opened at $18.35 on Friday. Tejon Ranch has a fifty-two week low of $16.04 and a fifty-two week high of $26.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 7.50 and a quick ratio of 7.08. The stock has a market cap of $476.55 million, a PE ratio of 122.13 and a beta of 1.04.

Separately, TheStreet raised Tejon Ranch from a “d+” rating to a “c-” rating in a research note on Wednesday, February 20th.

COPYRIGHT VIOLATION NOTICE: “Royce & Associates LP Decreases Holdings in Tejon Ranch (TRC)” was first published by Zolmax and is owned by of Zolmax. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://zolmax.com/investing/royce-associates-lp-decreases-holdings-in-tejon-ranch-trc/2930636.html.

Tejon Ranch Profile

Tejon Ranch Co 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 entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.

Featured Story: Why are percentage gainers important?

Institutional Ownership by Quarter for Tejon Ranch (NYSE:TRC)

Receive News & Ratings for Tejon Ranch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tejon Ranch and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Netshoes   Sees Unusually-High Trading Volume
Netshoes Sees Unusually-High Trading Volume
Direxion Daily FTSE China Bear 3X Shares  Shares Up 8.5%
Direxion Daily FTSE China Bear 3X Shares Shares Up 8.5%
Goodomy One Day Trading Volume Hits $0.00
Goodomy One Day Trading Volume Hits $0.00
uDoo  Price Tops $0.0235 on Exchanges
uDoo Price Tops $0.0235 on Exchanges
Internet of Games  Price Hits $0.38
Internet of Games Price Hits $0.38
Ensco  Bonds Trading 3.1% Higher
Ensco Bonds Trading 3.1% Higher


 
© 2006-2019 Zolmax.