Barclays PLC Acquires 3,655 Shares of Tejon Ranch Co. (NYSE:TRC)

Barclays PLC lifted its holdings in shares of Tejon Ranch Co. (NYSE:TRC) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,727 shares of the real estate development and agribusiness company’s stock after purchasing an additional 3,655 shares during the quarter. Barclays PLC owned 0.13% of Tejon Ranch worth $568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Proficio Capital Partners LLC acquired a new stake in shares of Tejon Ranch during the 4th quarter worth approximately $312,000. JPMorgan Chase & Co. lifted its stake in Tejon Ranch by 190.7% during the fourth quarter. JPMorgan Chase & Co. now owns 27,666 shares of the real estate development and agribusiness company’s stock worth $440,000 after purchasing an additional 18,149 shares during the last quarter. CenterBook Partners LP acquired a new stake in shares of Tejon Ranch in the 4th quarter valued at $1,061,000. SG Americas Securities LLC increased its stake in shares of Tejon Ranch by 30.3% in the 4th 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 during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Tejon Ranch during the 4th quarter worth $632,000. 60.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Tejon Ranch Trading Down 0.2 %

NYSE TRC opened at $17.21 on Friday. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The company has a market cap of $462.37 million, a price-to-earnings ratio of -1,720,900.00 and a beta of 0.64. Tejon Ranch Co. has a twelve month low of $14.71 and a twelve month high of $19.82. The business’s fifty day moving average is $16.27 and its 200 day moving average is $16.04.

Tejon Ranch (NYSE:TRC) last posted its earnings results on Thursday, May 8th. The real estate development and agribusiness company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. As a group, sell-side analysts expect that Tejon Ranch Co. will post -0.04 EPS for the current fiscal year.

Tejon Ranch Company 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.