Lee Danner & Bass Inc. Grows Stake in Tejon Ranch Co $TRC

Lee Danner & Bass Inc. lifted its holdings in shares of Tejon Ranch Co (NYSE:TRC) by 1,109.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 695,425 shares of the real estate development and agribusiness company’s stock after acquiring an additional 637,925 shares during the period. Lee Danner & Bass Inc. owned 2.58% of Tejon Ranch worth $13,102,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Tejon Ranch by 0.7% in the third quarter. Vanguard Group Inc. now owns 2,138,314 shares of the real estate development and agribusiness company’s stock valued at $34,170,000 after purchasing an additional 14,767 shares in the last quarter. Nitor Capital Management LLC acquired a new stake in Tejon Ranch during the fourth quarter worth approximately $21,227,000. Gamco Investors INC. ET AL raised its holdings in Tejon Ranch by 8.4% during the fourth quarter. Gamco Investors INC. ET AL now owns 732,826 shares of the real estate development and agribusiness company’s stock worth $11,557,000 after purchasing an additional 56,800 shares in the last quarter. Foundation Resource Management Inc. lifted its position in shares of Tejon Ranch by 2.0% during the 4th quarter. Foundation Resource Management Inc. now owns 494,801 shares of the real estate development and agribusiness company’s stock worth $7,803,000 after buying an additional 9,721 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Tejon Ranch by 0.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 446,595 shares of the real estate development and agribusiness company’s stock worth $7,043,000 after buying an additional 1,155 shares during the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Wall Street Analyst Weigh In

TRC has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Tejon Ranch from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, March 20th. Wall Street Zen raised shares of Tejon Ranch from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Tejon Ranch Trading Up 0.1%

TRC opened at $18.88 on Friday. The firm has a market cap of $509.62 million, a price-to-earnings ratio of 269.68 and a beta of 0.60. Tejon Ranch Co has a 52 week low of $15.31 and a 52 week high of $21.31. The business’s 50 day moving average is $19.26 and its two-hundred day moving average is $18.06. The company has a quick ratio of 2.25, a current ratio of 2.76 and a debt-to-equity ratio of 0.22.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings data on Thursday, May 7th. The real estate development and agribusiness company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $9.50 million during the quarter, compared to the consensus estimate of $8.75 million. Tejon Ranch had a return on equity of 0.35% and a net margin of 3.32%. On average, research analysts predict that Tejon Ranch Co will post 0.11 EPS for the current year.

Tejon Ranch Company 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.