Gabelli Funds LLC grew its position in shares of Tejon Ranch (NYSE:TRC) by 10.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,000 shares of the real estate development and agribusiness company’s stock after purchasing an additional 18,000 shares during the quarter. Gabelli Funds LLC owned approximately 0.73% of Tejon Ranch worth $4,617,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Tejon Ranch by 0.5% during the 2nd quarter. FMR LLC now owns 521,469 shares of the real estate development and agribusiness company’s stock valued at $12,672,000 after purchasing an additional 2,600 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Tejon Ranch by 13.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,795 shares of the real estate development and agribusiness company’s stock valued at $31,998,000 after purchasing an additional 157,090 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Tejon Ranch by 15.2% during the 2nd quarter. BlackRock Inc. now owns 1,450,374 shares of the real estate development and agribusiness company’s stock valued at $35,243,000 after purchasing an additional 190,966 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Tejon Ranch during the 2nd quarter valued at approximately $211,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Tejon Ranch by 6.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 94,561 shares of the real estate development and agribusiness company’s stock valued at $2,298,000 after purchasing an additional 5,601 shares in the last quarter. 74.54% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the stock. TheStreet lowered shares of Tejon Ranch from a “c” rating to a “d+” rating in a report on Wednesday, August 29th. Stifel Nicolaus lifted their target price on shares of Tejon Ranch from $32.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, August 2nd.

Shares of NYSE TRC opened at $21.85 on Friday. The firm has a market capitalization of $568.53 million, a P/E ratio of 730.00 and a beta of 1.09. The company has a quick ratio of 7.49, a current ratio of 8.13 and a debt-to-equity ratio of 0.15. Tejon Ranch has a one year low of $18.59 and a one year high of $26.25.

Tejon Ranch (NYSE:TRC) last issued its quarterly earnings results on Tuesday, August 7th. The real estate development and agribusiness company reported ($0.04) EPS for the quarter. The company had revenue of $5.07 million during the quarter. Tejon Ranch had a return on equity of 0.19% and a net margin of 1.85%.

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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