Brandywine Global Investment Management LLC Boosts Stake in Tejon Ranch Co $TRC

Brandywine Global Investment Management LLC increased its stake in Tejon Ranch Co (NYSE:TRC) by 19.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,192 shares of the real estate development and agribusiness company’s stock after acquiring an additional 19,480 shares during the period. Brandywine Global Investment Management LLC owned about 0.44% of Tejon Ranch worth $1,988,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TRC. Gamco Investors INC. ET AL raised its position in Tejon Ranch by 0.8% during the first quarter. Gamco Investors INC. ET AL now owns 724,927 shares of the real estate development and agribusiness company’s stock valued at $11,490,000 after purchasing an additional 5,800 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Tejon Ranch by 4.4% during the 2nd quarter. Geode Capital Management LLC now owns 580,079 shares of the real estate development and agribusiness company’s stock valued at $9,840,000 after buying an additional 24,268 shares in the last quarter. Foundation Resource Management Inc. raised its holdings in shares of Tejon Ranch by 0.5% during the 2nd quarter. Foundation Resource Management Inc. now owns 483,215 shares of the real estate development and agribusiness company’s stock valued at $8,195,000 after buying an additional 2,213 shares in the last quarter. Gabelli Funds LLC lifted its position in Tejon Ranch by 1.4% in the 1st quarter. Gabelli Funds LLC now owns 146,000 shares of the real estate development and agribusiness company’s stock worth $2,314,000 after buying an additional 2,000 shares during the last quarter. Finally, CenterBook Partners LP boosted its stake in Tejon Ranch by 117.4% in the first quarter. CenterBook Partners LP now owns 145,039 shares of the real estate development and agribusiness company’s stock worth $2,299,000 after buying an additional 78,339 shares in the last quarter. Institutional investors own 60.63% of the company’s stock.

Tejon Ranch Price Performance

TRC stock opened at $15.75 on Tuesday. The stock has a market capitalization of $423.58 million, a price-to-earnings ratio of -1,575.00 and a beta of 0.63. The firm’s 50-day moving average price is $15.94 and its two-hundred day moving average price is $16.77. The company has a current ratio of 2.24, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. Tejon Ranch Co has a 12-month low of $14.70 and a 12-month high of $19.39.

Tejon Ranch (NYSE:TRC) last released its quarterly earnings data on Thursday, November 6th. The real estate development and agribusiness company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. Tejon Ranch had a negative return on equity of 0.11% and a negative net margin of 1.17%.The business had revenue of $11.97 million during the quarter, compared to analysts’ expectations of $9.53 million. As a group, equities analysts predict that Tejon Ranch Co will post -0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Tejon Ranch in a research note on Wednesday, November 19th. Wall Street Zen raised shares of Tejon Ranch from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Tejon Ranch currently has a consensus rating of “Hold”.

Tejon Ranch 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.