Teton Advisors LLC Invests $1.33 Million in Tejon Ranch Co $TRC

Teton Advisors LLC bought a new stake in shares of Tejon Ranch Co (NYSE:TRC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 83,000 shares of the real estate development and agribusiness company’s stock, valued at approximately $1,326,000. Teton Advisors LLC owned approximately 0.31% of Tejon Ranch at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Tejon Ranch by 0.7% during the third quarter. Vanguard Group Inc. now owns 2,138,314 shares of the real estate development and agribusiness company’s stock worth $34,170,000 after acquiring an additional 14,767 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings in shares of Tejon Ranch by 99.9% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 1,647,497 shares of the real estate development and agribusiness company’s stock worth $27,942,000 after purchasing an additional 823,435 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Tejon Ranch by 1.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 732,827 shares of the real estate development and agribusiness company’s stock valued at $12,429,000 after purchasing an additional 7,900 shares during the last quarter. Geode Capital Management LLC raised its holdings in Tejon Ranch by 4.4% during the 2nd quarter. Geode Capital Management LLC now owns 580,079 shares of the real estate development and agribusiness company’s stock valued at $9,840,000 after buying an additional 24,268 shares during the period. Finally, Foundation Resource Management Inc. raised its holdings in Tejon Ranch by 0.4% during the 3rd quarter. Foundation Resource Management Inc. now owns 485,080 shares of the real estate development and agribusiness company’s stock valued at $7,752,000 after buying an additional 1,865 shares during the period. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on TRC. Wall Street Zen raised shares of Tejon Ranch from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings raised shares of Tejon Ranch from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Tejon Ranch Price Performance

Shares of TRC stock opened at $17.87 on Friday. Tejon Ranch Co has a 52-week low of $15.04 and a 52-week high of $19.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.06 and a current ratio of 2.66. The firm has a market capitalization of $480.52 million, a P/E ratio of 148.92 and a beta of 0.65. The stock has a 50 day moving average price of $16.61 and a 200 day moving average price of $16.36.

About Tejon Ranch

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.