CenterBook Partners LP Sells 85,192 Shares of Tejon Ranch Co $TRC

CenterBook Partners LP lowered its stake in shares of Tejon Ranch Co (NYSE:TRC) by 77.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,558 shares of the real estate development and agribusiness company’s stock after selling 85,192 shares during the quarter. CenterBook Partners LP owned about 0.09% of Tejon Ranch worth $392,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of Tejon Ranch by 59.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,200 shares of the real estate development and agribusiness company’s stock worth $37,000 after purchasing an additional 823 shares in the last quarter. Strs Ohio acquired a new stake in Tejon Ranch during the first quarter worth about $65,000. Raymond James Financial Inc. bought a new position in Tejon Ranch in the 2nd quarter valued at about $122,000. Bank of America Corp DE raised its position in shares of Tejon Ranch by 13.0% in the 2nd quarter. Bank of America Corp DE now owns 18,425 shares of the real estate development and agribusiness company’s stock valued at $312,000 after buying an additional 2,116 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Tejon Ranch by 96.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,572 shares of the real estate development and agribusiness company’s stock worth $313,000 after acquiring an additional 9,627 shares during the period. 60.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRC has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Tejon Ranch from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings upgraded Tejon Ranch from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Tejon Ranch has a consensus rating of “Hold”.

Tejon Ranch Trading Up 1.9%

Shares of TRC stock opened at $17.24 on Friday. Tejon Ranch Co has a twelve month low of $14.90 and a twelve month high of $19.39. The stock’s fifty day simple moving average is $16.26 and its 200 day simple moving average is $16.34. The company has a quick ratio of 2.06, a current ratio of 2.66 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $463.45 million, a P/E ratio of 143.63 and a beta of 0.67.

Tejon Ranch Profile

Tejon Ranch Corporation (NYSE: TRC) is one of California’s largest private landowners, with a diversified portfolio spanning agriculture, real estate development and natural resource operations. Headquartered in Lebec, California, the company’s holdings encompass approximately 270,000 acres in Kern and Los Angeles counties. Established in 1937 on the historic Rancho Tejon land grant, Tejon Ranch has leveraged its strategic location along Interstate 5 to build a multifaceted enterprise serving both local and regional markets.

In agriculture, Tejon Ranch grows a variety of row crops and permanent plantings, including almonds, pistachios, table grapes and citrus.