Fiduciary Trust Co. cut its holdings in Tejon Ranch (NYSE:TRC) by 25.4% in the 1st quarter, Holdings Channel reports. The fund owned 12,140 shares of the real estate development and agribusiness company’s stock after selling 4,140 shares during the period. Fiduciary Trust Co.’s holdings in Tejon Ranch were worth $213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Renaissance Technologies LLC purchased a new position in Tejon Ranch in the third quarter worth about $1,973,000. MetLife Investment Advisors LLC boosted its position in Tejon Ranch by 53.2% in the third quarter. MetLife Investment Advisors LLC now owns 13,905 shares of the real estate development and agribusiness company’s stock worth $302,000 after purchasing an additional 4,826 shares during the last quarter. Teachers Advisors LLC boosted its position in Tejon Ranch by 7.8% in the third quarter. Teachers Advisors LLC now owns 42,421 shares of the real estate development and agribusiness company’s stock worth $921,000 after purchasing an additional 3,078 shares during the last quarter. Vanguard Group Inc. boosted its position in Tejon Ranch by 10.1% in the third quarter. Vanguard Group Inc. now owns 2,830,582 shares of the real estate development and agribusiness company’s stock worth $61,452,000 after purchasing an additional 260,660 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Tejon Ranch by 39.2% in the fourth quarter. Rhumbline Advisers now owns 32,254 shares of the real estate development and agribusiness company’s stock worth $535,000 after purchasing an additional 9,080 shares during the last quarter. Institutional investors own 69.81% of the company’s stock.

Shares of NYSE:TRC opened at $16.37 on Thursday. The stock has a market capitalization of $427.92 million, a price-to-earnings ratio of 167.70 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 5.13 and a current ratio of 5.46. Tejon Ranch has a 52-week low of $16.04 and a 52-week high of $26.09.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings data on Thursday, February 28th. The real estate development and agribusiness company reported $0.01 EPS for the quarter. Tejon Ranch had a return on equity of 0.67% and a net margin of 6.81%. The firm had revenue of $11.65 million for the quarter.

Separately, TheStreet raised Tejon Ranch from a “d+” rating to a “c-” rating in a research report on Wednesday, February 20th.

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About Tejon Ranch

Tejon Ranch Co 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 entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.

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Institutional Ownership by Quarter for Tejon Ranch (NYSE:TRC)

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