Gamco Investors INC. ET AL Grows Position in Tejon Ranch Co $TRC

Gamco Investors INC. ET AL boosted its holdings in Tejon Ranch Co (NYSE:TRC) by 8.4% in the 4th quarter, HoldingsChannel reports. The fund owned 732,826 shares of the real estate development and agribusiness company’s stock after acquiring an additional 56,800 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Tejon Ranch were worth $11,557,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in Tejon Ranch by 688.9% in the third quarter. Russell Investments Group Ltd. now owns 1,996 shares of the real estate development and agribusiness company’s stock worth $32,000 after acquiring an additional 1,743 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Tejon Ranch by 59.8% in the second quarter. BNP Paribas Financial Markets now owns 2,200 shares of the real estate development and agribusiness company’s stock valued at $37,000 after buying an additional 823 shares in the last quarter. Strs Ohio purchased a new position in shares of Tejon Ranch in the first quarter valued at $65,000. Raymond James Financial Inc. purchased a new position in shares of Tejon Ranch in the second quarter valued at $122,000. Finally, SG Americas Securities LLC increased its position in shares of Tejon Ranch by 15.9% in the fourth quarter. SG Americas Securities LLC now owns 11,903 shares of the real estate development and agribusiness company’s stock valued at $188,000 after buying an additional 1,631 shares in the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Tejon Ranch Trading Up 1.6%

Shares of TRC stock opened at $19.37 on Tuesday. Tejon Ranch Co has a fifty-two week low of $15.31 and a fifty-two week high of $21.31. The stock has a market cap of $522.88 million, a P/E ratio of 276.70 and a beta of 0.61. The business has a fifty day simple moving average of $19.24 and a 200-day simple moving average of $17.35. The company has a quick ratio of 2.25, a current ratio of 2.76 and a debt-to-equity ratio of 0.22.

Tejon Ranch (NYSE:TRC) last announced its quarterly earnings results on Thursday, May 7th. The real estate development and agribusiness company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $9.50 million during the quarter, compared to analysts’ expectations of $8.75 million. Tejon Ranch had a return on equity of 0.35% and a net margin of 3.32%. On average, analysts forecast that Tejon Ranch Co will post 0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TRC has been the subject of a number of research analyst reports. Wall Street Zen upgraded Tejon Ranch from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. Weiss Ratings cut Tejon Ranch from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, March 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Tejon Ranch Company Profile

Tejon Ranch Corporation (NYSE: TRC) is one of California’s largest private landowners, with a diversified portfolio spanning agriculture, real estate development and natural resource operations. Headquartered in Lebec, California, the company’s holdings encompass approximately 270,000 acres in Kern and Los Angeles counties. Established in 1937 on the historic Rancho Tejon land grant, Tejon Ranch has leveraged its strategic location along Interstate 5 to build a multifaceted enterprise serving both local and regional markets.

In agriculture, Tejon Ranch grows a variety of row crops and permanent plantings, including almonds, pistachios, table grapes and citrus.