BNP Paribas Financial Markets Sells 1,270 Shares of Tejon Ranch Co. (NYSE:TRC)

BNP Paribas Financial Markets decreased its stake in shares of Tejon Ranch Co. (NYSE:TRC) by 28.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,145 shares of the real estate development and agribusiness company’s stock after selling 1,270 shares during the period. BNP Paribas Financial Markets’ holdings in Tejon Ranch were worth $50,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TRC. SG Americas Securities LLC boosted its holdings in shares of Tejon Ranch by 30.3% during the 4th quarter. SG Americas Securities LLC now owns 19,010 shares of the real estate development and agribusiness company’s stock worth $302,000 after buying an additional 4,424 shares during the period. Proficio Capital Partners LLC bought a new stake in Tejon Ranch in the 4th quarter valued at about $312,000. Levin Capital Strategies L.P. boosted its holdings in Tejon Ranch by 11.7% in the 4th quarter. Levin Capital Strategies L.P. now owns 70,653 shares of the real estate development and agribusiness company’s stock valued at $1,123,000 after purchasing an additional 7,422 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Tejon Ranch by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 195,879 shares of the real estate development and agribusiness company’s stock valued at $3,114,000 after purchasing an additional 1,409 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Tejon Ranch in the 4th quarter valued at about $632,000. Institutional investors own 60.63% of the company’s stock.

Tejon Ranch Stock Performance

NYSE TRC opened at $15.81 on Wednesday. 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 capitalization of $424.96 million, a P/E ratio of -1,580,900.00 and a beta of 0.64. Tejon Ranch Co. has a 12-month low of $14.71 and a 12-month high of $19.82. The firm has a 50-day moving average price of $16.45 and a two-hundred day moving average price of $16.05.

Tejon Ranch (NYSE:TRC) last issued its quarterly earnings results on Thursday, May 8th. The real estate development and agribusiness company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates 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%. The firm had revenue of $8.21 million for the quarter, compared to the consensus estimate of $7.57 million. Analysts anticipate that Tejon Ranch Co. will post -0.04 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Tejon Ranch to a “sell” rating in a 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.