Tejon Ranch Co $TRC Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its holdings in Tejon Ranch Co (NYSE:TRC) by 98.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,854 shares of the real estate development and agribusiness company’s stock after acquiring an additional 83,921 shares during the quarter. Sei Investments Co. owned 0.63% of Tejon Ranch worth $3,181,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TRC. Russell Investments Group Ltd. boosted its holdings in Tejon Ranch by 688.9% in the third quarter. Russell Investments Group Ltd. now owns 1,996 shares of the real estate development and agribusiness company’s stock valued at $32,000 after purchasing an additional 1,743 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Tejon Ranch by 59.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,200 shares of the real estate development and agribusiness company’s stock valued at $37,000 after buying an additional 823 shares during the last quarter. Strs Ohio acquired a new position in shares of Tejon Ranch in the 1st quarter valued at about $65,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Tejon Ranch in the 4th quarter valued at about $87,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Tejon Ranch in the second quarter worth about $122,000. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Tejon Ranch Stock Up 1.3%

TRC stock opened at $16.67 on Friday. The firm has a market cap of $450.04 million, a PE ratio of 72.47 and a beta of 0.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.25 and a current ratio of 2.76. The firm’s fifty day moving average is $18.32 and its 200 day moving average is $18.36. Tejon Ranch Co has a one year low of $15.31 and a one year high of $21.31.

Tejon Ranch (NYSE:TRC) last issued its quarterly earnings data on Thursday, August 6th. The real estate development and agribusiness company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. Tejon Ranch had a net margin of 10.62% and a return on equity of 1.23%. The business had revenue of $14.26 million during the quarter, compared to the consensus estimate of $8.64 million. On average, research analysts forecast that Tejon Ranch Co will post 0.11 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tejon Ranch in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tejon Ranch presently has an average rating of “Sell”.

Tejon Ranch Profile

Tejon Ranch Corporation (NYSE: TRC) is one of California’s largest private landowners, with a diversified portfolio spanning agriculture, real estate development and natural resource operations. Headquartered in Lebec, California, the company’s holdings encompass approximately 270,000 acres in Kern and Los Angeles counties. Established in 1937 on the historic Rancho Tejon land grant, Tejon Ranch has leveraged its strategic location along Interstate 5 to build a multifaceted enterprise serving both local and regional markets.

In agriculture, Tejon Ranch grows a variety of row crops and permanent plantings, including almonds, pistachios, table grapes and citrus.