UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stake in Tejon Ranch Co. (NYSE:TRC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Tejon Ranch Co. (NYSE:TRC) by 9.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,757 shares of the real estate development and agribusiness company’s stock after selling 3,395 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of Tejon Ranch worth $505,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in Tejon Ranch by 2.2% in the 4th quarter. Invesco Ltd. now owns 33,531 shares of the real estate development and agribusiness company’s stock valued at $533,000 after acquiring an additional 724 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Tejon Ranch by 4.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,598 shares of the real estate development and agribusiness company’s stock valued at $360,000 after purchasing an additional 1,030 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Tejon Ranch by 0.7% in the fourth 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 last quarter. Gabelli Funds LLC increased its stake in Tejon Ranch by 1.3% in the fourth quarter. Gabelli Funds LLC now owns 144,000 shares of the real estate development and agribusiness company’s stock valued at $2,290,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Tejon Ranch by 36.1% in the fourth quarter. Deutsche Bank AG now owns 11,022 shares of the real estate development and agribusiness company’s stock valued at $175,000 after purchasing an additional 2,922 shares during the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Tejon Ranch to a “sell” rating in a research note on Wednesday, March 5th.

Tejon Ranch Price Performance

Shares of NYSE TRC opened at $16.47 on Thursday. Tejon Ranch Co. has a 1-year low of $14.71 and a 1-year high of $19.82. The business has a 50-day moving average of $16.49 and a 200-day moving average of $16.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. The company has a market capitalization of $442.73 million, a price-to-earnings ratio of -1,647,000.00 and a beta of 0.62.

Tejon Ranch (NYSE:TRC) last issued its earnings results on Thursday, May 8th. The real estate development and agribusiness company reported ($0.05) earnings per share 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%. The company had revenue of $8.21 million during the quarter, compared to analysts’ expectations of $7.57 million. On average, equities analysts anticipate that Tejon Ranch Co. will post -0.04 EPS for the current fiscal year.

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.