SG Americas Securities LLC Has $256,000 Stock Holdings in Tejon Ranch Co. (NYSE:TRC)

SG Americas Securities LLC lifted its stake in shares of Tejon Ranch Co. (NYSE:TRC) by 29.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,586 shares of the real estate development and agribusiness company’s stock after purchasing an additional 3,337 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Tejon Ranch worth $256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TRC. Gamco Investors INC. ET AL raised its position in Tejon Ranch by 1.7% during the first quarter. Gamco Investors INC. ET AL now owns 667,822 shares of the real estate development and agribusiness company’s stock valued at $10,291,000 after buying an additional 11,062 shares during the period. Foundation Resource Management Inc. raised its position in Tejon Ranch by 1.6% during the second quarter. Foundation Resource Management Inc. now owns 490,686 shares of the real estate development and agribusiness company’s stock valued at $8,371,000 after buying an additional 7,913 shares during the period. Bank of New York Mellon Corp raised its position in Tejon Ranch by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 339,038 shares of the real estate development and agribusiness company’s stock valued at $5,784,000 after buying an additional 6,605 shares during the period. Gabelli Funds LLC raised its position in Tejon Ranch by 1.4% during the first quarter. Gabelli Funds LLC now owns 142,200 shares of the real estate development and agribusiness company’s stock valued at $2,191,000 after buying an additional 2,000 shares during the period. Finally, Oppenheimer & Close LLC raised its position in Tejon Ranch by 2.1% during the second quarter. Oppenheimer & Close LLC now owns 131,681 shares of the real estate development and agribusiness company’s stock valued at $2,246,000 after buying an additional 2,700 shares during the period. 60.63% of the stock is owned by institutional investors and hedge funds.

Tejon Ranch Stock Down 1.9 %

NYSE:TRC opened at $16.34 on Tuesday. The company has a current ratio of 3.43, a quick ratio of 2.95 and a debt-to-equity ratio of 0.11. Tejon Ranch Co. has a 1-year low of $14.80 and a 1-year high of $19.82. The business’s fifty day moving average price is $17.39 and its 200 day moving average price is $17.21. The firm has a market capitalization of $438.24 million, a price-to-earnings ratio of 272.33 and a beta of 0.58.

Tejon Ranch (NYSE:TRC) last issued its earnings results on Tuesday, August 6th. The real estate development and agribusiness company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.07. Tejon Ranch had a return on equity of 0.26% and a net margin of 3.21%. The company had revenue of $5.69 million for the quarter, compared to analyst estimates of $7.50 million. On average, sell-side analysts forecast that Tejon Ranch Co. will post 0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised Tejon Ranch to a “sell” rating in a research report on Wednesday, August 7th.

About Tejon Ranch

Tejon Ranch Co, together with its subsidiaries, 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 planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.