Tejon Ranch Co $TRC Shares Bought by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lifted its holdings in Tejon Ranch Co (NYSE:TRC) by 97.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,062 shares of the real estate development and agribusiness company’s stock after purchasing an additional 50,500 shares during the period. Levin Capital Strategies L.P.’s holdings in Tejon Ranch were worth $1,731,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of Tejon Ranch in the 1st quarter worth approximately $65,000. American Century Companies Inc. increased its position in shares of Tejon Ranch by 9.8% in the first quarter. American Century Companies Inc. now owns 47,924 shares of the real estate development and agribusiness company’s stock worth $760,000 after acquiring an additional 4,288 shares in the last quarter. Jane Street Group LLC increased its position in shares of Tejon Ranch by 129.4% in the first quarter. Jane Street Group LLC now owns 58,095 shares of the real estate development and agribusiness company’s stock worth $921,000 after acquiring an additional 32,768 shares in the last quarter. Nuveen LLC purchased a new position in shares of Tejon Ranch in the first quarter worth approximately $1,046,000. Finally, Brandywine Global Investment Management LLC increased its position in shares of Tejon Ranch by 15.3% in the first 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 acquiring an additional 12,980 shares in the last quarter. Institutional investors and hedge funds own 60.63% of the company’s stock.

Wall Street Analyst Weigh In

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

Tejon Ranch Stock Performance

Tejon Ranch stock opened at $15.69 on Tuesday. The firm’s 50 day simple moving average is $16.25 and its 200-day simple moving average is $16.88. The company has a market cap of $421.97 million, a P/E ratio of -1,569.00 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.24 and a quick ratio of 1.66. Tejon Ranch Co has a fifty-two week low of $14.70 and a fifty-two week high of $19.39.

Tejon Ranch (NYSE:TRC) last announced its quarterly earnings data on Thursday, August 7th. The real estate development and agribusiness company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $8.10 million. As a group, equities research analysts predict that Tejon Ranch Co will post -0.04 EPS for the current year.

Tejon Ranch 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.