London Co. of Virginia lowered its holdings in Tejon Ranch (NYSE:TRC) by 23.6% during the fourth quarter, HoldingsChannel reports. The firm owned 323,209 shares of the real estate development and agribusiness company’s stock after selling 99,576 shares during the period. London Co. of Virginia’s holdings in Tejon Ranch were worth $5,359,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Foundation Resource Management Inc. boosted its stake in Tejon Ranch by 0.8% in the fourth quarter. Foundation Resource Management Inc. now owns 156,941 shares of the real estate development and agribusiness company’s stock worth $2,602,000 after purchasing an additional 1,253 shares in the last quarter. Marquette Asset Management LLC lifted its stake in shares of Tejon Ranch by 11.6% during the fourth quarter. Marquette Asset Management LLC now owns 12,230 shares of the real estate development and agribusiness company’s stock valued at $203,000 after acquiring an additional 1,268 shares during the period. Mraz Amerine & Associates Inc. lifted its stake in shares of Tejon Ranch by 25.9% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 14,562 shares of the real estate development and agribusiness company’s stock valued at $241,000 after acquiring an additional 3,000 shares during the period. Teachers Advisors LLC lifted its stake in shares of Tejon Ranch by 7.8% during the third quarter. Teachers Advisors LLC now owns 42,421 shares of the real estate development and agribusiness company’s stock valued at $921,000 after acquiring an additional 3,078 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Tejon Ranch by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 337,868 shares of the real estate development and agribusiness company’s stock valued at $8,211,000 after acquiring an additional 4,078 shares during the period. 70.11% of the stock is currently owned by institutional investors.

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

Shares of TRC opened at $18.12 on Friday. The firm has a market cap of $472.32 million, a PE ratio of 112.88 and a beta of 1.02. The company has a current ratio of 5.85, a quick ratio of 5.69 and a debt-to-equity ratio of 0.14. Tejon Ranch has a 12-month low of $16.04 and a 12-month high of $26.25.

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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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