Gabelli Funds LLC Lowers Position in Tejon Ranch Co. (NYSE:TRC)

Gabelli Funds LLC cut its holdings in shares of Tejon Ranch Co. (NYSE:TRCFree Report) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140,200 shares of the real estate development and agribusiness company’s stock after selling 6,400 shares during the period. Gabelli Funds LLC owned 0.52% of Tejon Ranch worth $2,274,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Towerview LLC boosted its position in shares of Tejon Ranch by 0.3% during the third quarter. Towerview LLC now owns 3,845,500 shares of the real estate development and agribusiness company’s stock valued at $62,374,000 after purchasing an additional 12,673 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Tejon Ranch by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,556,095 shares of the real estate development and agribusiness company’s stock valued at $26,781,000 after purchasing an additional 4,795 shares in the last quarter. BlackRock Inc. boosted its position in shares of Tejon Ranch by 0.6% during the second quarter. BlackRock Inc. now owns 1,450,157 shares of the real estate development and agribusiness company’s stock valued at $24,957,000 after purchasing an additional 8,815 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its position in shares of Tejon Ranch by 1.7% during the second quarter. Horizon Kinetics Asset Management LLC now owns 1,174,063 shares of the real estate development and agribusiness company’s stock valued at $20,206,000 after purchasing an additional 19,263 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Tejon Ranch by 0.9% during the third quarter. Vanguard Group Inc. now owns 1,085,801 shares of the real estate development and agribusiness company’s stock valued at $15,635,000 after purchasing an additional 9,420 shares in the last quarter. 60.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded Tejon Ranch from a “c” rating to a “d+” rating in a report on Friday, November 17th.

Get Our Latest Stock Analysis on TRC

Tejon Ranch Stock Up 2.1 %

TRC stock opened at $16.20 on Friday. Tejon Ranch Co. has a 1-year low of $15.25 and a 1-year high of $20.04. The business has a fifty day moving average price of $16.48 and a 200-day moving average price of $16.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.90 and a quick ratio of 4.41. The stock has a market capitalization of $433.03 million, a P/E ratio of 115.71 and a beta of 0.63.

Tejon Ranch (NYSE:TRCGet Free Report) last posted its quarterly earnings data on Tuesday, November 7th. The real estate development and agribusiness company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The company had revenue of $10.21 million during the quarter, compared to analysts’ expectations of $17.57 million. Tejon Ranch had a return on equity of 0.77% and a net margin of 8.00%. Equities analysts forecast that Tejon Ranch Co. will post 0.05 earnings per share for the current fiscal year.

Tejon Ranch Profile

(Free Report)

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.

Further Reading

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

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