SG Americas Securities LLC Boosts Stock Holdings in Tejon Ranch Co. (NYSE:TRC)

SG Americas Securities LLC raised its holdings in shares of Tejon Ranch Co. (NYSE:TRC) by 39.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,249 shares of the real estate development and agribusiness company’s stock after purchasing an additional 3,170 shares during the period. SG Americas Securities LLC’s holdings in Tejon Ranch were worth $192,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Tejon Ranch by 125.9% during the 4th quarter. CWM LLC now owns 1,579 shares of the real estate development and agribusiness company’s stock worth $27,000 after acquiring an additional 880 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Tejon Ranch by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,636,448 shares of the real estate development and agribusiness company’s stock worth $28,148,000 after acquiring an additional 40,989 shares in the last quarter. Oppenheimer & Close LLC raised its stake in shares of Tejon Ranch by 8.4% during the 4th quarter. Oppenheimer & Close LLC now owns 128,981 shares of the real estate development and agribusiness company’s stock worth $2,218,000 after acquiring an additional 10,000 shares in the last quarter. Foundation Resource Management Inc. raised its stake in shares of Tejon Ranch by 1.4% during the 1st quarter. Foundation Resource Management Inc. now owns 482,773 shares of the real estate development and agribusiness company’s stock worth $7,440,000 after acquiring an additional 6,620 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Tejon Ranch by 65.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,216 shares of the real estate development and agribusiness company’s stock worth $157,000 after acquiring an additional 4,051 shares in the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Tejon Ranch to a “sell” rating in a research note on Wednesday, August 7th.

Tejon Ranch Trading Up 3.4 %

Shares of Tejon Ranch stock opened at $18.17 on Friday. The company has a current ratio of 3.43, a quick ratio of 2.95 and a debt-to-equity ratio of 0.11. Tejon Ranch Co. has a 12-month low of $14.80 and a 12-month high of $19.82. The firm has a market capitalization of $486.90 million, a price-to-earnings ratio of 605.67 and a beta of 0.60. The firm’s 50 day simple moving average is $17.55 and its two-hundred day simple moving average is $16.82.

Tejon Ranch (NYSE:TRC) last issued its quarterly earnings results on Tuesday, August 6th. The real estate development and agribusiness company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The business had revenue of $5.69 million for the quarter, compared to analyst estimates of $7.50 million. Tejon Ranch had a net margin of 3.21% and a return on equity of 0.26%. 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.