Tejon Ranch Co. (NYSE:TRC) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in Tejon Ranch Co. (NYSE:TRC) by 30.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,629 shares of the real estate development and agribusiness company’s stock after selling 1,125 shares during the period. US Bancorp DE’s holdings in Tejon Ranch were worth $42,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in Tejon Ranch by 298.1% in the third quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock valued at $563,000 after buying an additional 24,015 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Tejon Ranch in the fourth quarter valued at $312,000. SG Americas Securities LLC lifted its stake in Tejon Ranch by 30.3% during the 4th quarter. SG Americas Securities LLC now owns 19,010 shares of the real estate development and agribusiness company’s stock worth $302,000 after acquiring an additional 4,424 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Tejon Ranch by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company’s stock valued at $9,444,000 after acquiring an additional 4,247 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Tejon Ranch by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company’s stock valued at $3,413,000 after acquiring an additional 1,486 shares in the last quarter. 60.63% of the stock is currently owned by hedge funds and other institutional investors.

Tejon Ranch Stock Performance

Shares of TRC stock opened at $16.09 on Wednesday. Tejon Ranch Co. has a 12 month low of $14.71 and a 12 month high of $19.82. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The company has a market cap of $432.22 million, a P/E ratio of -1,609,400.00 and a beta of 0.59. The firm has a fifty day moving average price of $15.90 and a 200 day moving average price of $16.27.

Tejon Ranch (NYSE:TRC) last announced its quarterly earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.03 by $0.14. The firm had revenue of $17.94 million for the quarter, compared to analyst estimates of $15.53 million. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. Sell-side analysts predict that Tejon Ranch Co. will post -0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Tejon Ranch to a “sell” rating in a report on Wednesday, March 5th.

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.