Tejon Ranch Co. (NYSE:TRC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of Tejon Ranch Co. (NYSE:TRC) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 338,948 shares of the real estate development and agribusiness company’s stock after selling 35,400 shares during the quarter. Renaissance Technologies LLC owned 1.26% of Tejon Ranch worth $5,389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kennondale Capital Management LLC acquired a new stake in shares of Tejon Ranch during the fourth quarter valued at about $174,000. SG Americas Securities LLC lifted its stake in Tejon Ranch by 30.3% during 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 in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Tejon Ranch during the fourth quarter worth $312,000. JPMorgan Chase & Co. raised its holdings in shares of Tejon Ranch by 190.7% in the 4th quarter. JPMorgan Chase & Co. now owns 27,666 shares of the real estate development and agribusiness company’s stock valued at $440,000 after buying an additional 18,149 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Tejon Ranch by 121.0% during the 4th quarter. Wells Fargo & Company MN now owns 27,762 shares of the real estate development and agribusiness company’s stock worth $441,000 after acquiring an additional 15,202 shares in the last quarter. 60.63% of the stock is currently owned by hedge funds and other institutional investors.

Tejon Ranch Stock Performance

NYSE:TRC opened at $16.57 on Monday. The company has a market cap of $445.07 million, a price-to-earnings ratio of -1,656,500.00 and a beta of 0.57. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. Tejon Ranch Co. has a 52 week low of $14.71 and a 52 week high of $19.82. The company has a fifty day simple moving average of $15.87 and a two-hundred day simple moving average of $15.99.

Tejon Ranch (NYSE:TRC) last announced its quarterly earnings data 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. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The business had revenue of $17.94 million during the quarter, compared to analysts’ expectations of $15.53 million. As a group, equities analysts anticipate that Tejon Ranch Co. will post -0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Tejon Ranch to a “sell” rating in a research report on Wednesday, March 5th.

About Tejon Ranch

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.