JPMorgan Chase & Co. Buys 18,149 Shares of Tejon Ranch Co. (NYSE:TRC)

JPMorgan Chase & Co. lifted its stake in Tejon Ranch Co. (NYSE:TRC) by 190.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,666 shares of the real estate development and agribusiness company’s stock after buying an additional 18,149 shares during the period. JPMorgan Chase & Co. owned about 0.10% of Tejon Ranch worth $440,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TRC. Barclays PLC boosted its position in shares of Tejon Ranch by 298.1% during the 3rd quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock valued at $563,000 after acquiring an additional 24,015 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Tejon Ranch during the fourth quarter worth about $312,000. SG Americas Securities LLC boosted its holdings 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 valued at $302,000 after purchasing an additional 4,424 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Tejon Ranch by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company’s stock valued at $9,444,000 after purchasing an additional 4,247 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Tejon Ranch in the 4th quarter valued at approximately $632,000. 60.63% of the stock is owned by institutional investors and hedge funds.

Tejon Ranch Stock Up 0.7 %

Shares of NYSE:TRC opened at $17.04 on Friday. The company has a market capitalization of $457.86 million, a PE ratio of -1,704,100.00 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.46 and a current ratio of 2.84. The company’s fifty day moving average is $16.10 and its 200-day moving average is $16.02. Tejon Ranch Co. has a 52 week low of $14.71 and a 52 week high of $19.82.

Tejon Ranch (NYSE:TRC) last released its quarterly earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. The firm had revenue of $17.94 million during the quarter, compared to analysts’ expectations of $15.53 million. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. Equities research analysts predict that Tejon Ranch Co. will post -0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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.