Tejon Ranch Co $TRC Stock Position Increased by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. boosted its position in Tejon Ranch Co (NYSE:TRC) by 97.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 102,062 shares of the real estate development and agribusiness company’s stock after purchasing an additional 50,500 shares during the quarter. Levin Capital Strategies L.P. owned about 0.38% of Tejon Ranch worth $1,731,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TRC. CenterBook Partners LP lifted its position in Tejon Ranch by 117.4% in the 1st quarter. CenterBook Partners LP now owns 145,039 shares of the real estate development and agribusiness company’s stock valued at $2,299,000 after purchasing an additional 78,339 shares during the last quarter. Nuveen LLC bought a new stake in Tejon Ranch in the 1st quarter valued at about $1,046,000. Jane Street Group LLC raised its position in shares of Tejon Ranch by 129.4% during the 1st quarter. Jane Street Group LLC now owns 58,095 shares of the real estate development and agribusiness company’s stock worth $921,000 after buying an additional 32,768 shares in the last quarter. Brandywine Global Investment Management LLC raised its position in shares of Tejon Ranch by 15.3% during the 1st quarter. Brandywine Global Investment Management LLC now owns 97,712 shares of the real estate development and agribusiness company’s stock worth $1,549,000 after buying an additional 12,980 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Tejon Ranch by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 724,927 shares of the real estate development and agribusiness company’s stock worth $11,490,000 after buying an additional 5,800 shares in the last quarter. 60.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Tejon Ranch in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Tejon Ranch Stock Down 0.8%

TRC stock opened at $15.69 on Tuesday. Tejon Ranch Co has a 52 week low of $14.70 and a 52 week high of $19.39. The company has a market capitalization of $421.97 million, a price-to-earnings ratio of -1,569.00 and a beta of 0.64. The firm’s 50-day moving average is $16.25 and its two-hundred day moving average is $16.88. 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 (NYSE:TRC) last released its quarterly earnings results on Thursday, August 7th. The real estate development and agribusiness company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). The company had revenue of $8.31 million for the quarter, compared to the consensus estimate of $8.10 million. Tejon Ranch had a negative return on equity of 0.11% and a negative net margin of 1.17%. On average, analysts forecast that Tejon Ranch Co will post -0.04 earnings per share for the current fiscal year.

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.