Tejon Ranch Co $TRC Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its position in Tejon Ranch Co (NYSE:TRC) by 7.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 676,026 shares of the real estate development and agribusiness company’s stock after selling 56,801 shares during the period. Gamco Investors INC. ET AL owned approximately 2.51% of Tejon Ranch worth $10,803,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in Tejon Ranch by 59.8% during the second quarter. BNP Paribas Financial Markets now owns 2,200 shares of the real estate development and agribusiness company’s stock worth $37,000 after acquiring an additional 823 shares in the last quarter. Rhumbline Advisers grew its stake in Tejon Ranch by 3.1% in the second quarter. Rhumbline Advisers now owns 33,448 shares of the real estate development and agribusiness company’s stock valued at $567,000 after purchasing an additional 1,018 shares in the last quarter. Foundation Resource Management Inc. increased its position in shares of 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 worth $7,752,000 after purchasing an additional 1,865 shares during the last quarter. Bank of America Corp DE increased its position in shares of Tejon Ranch by 13.0% during the 2nd quarter. Bank of America Corp DE now owns 18,425 shares of the real estate development and agribusiness company’s stock worth $312,000 after purchasing an additional 2,116 shares during the last quarter. Finally, Accordant Advisory Group Inc raised its stake in shares of Tejon Ranch by 6.9% during the 2nd quarter. Accordant Advisory Group Inc now owns 34,219 shares of the real estate development and agribusiness company’s stock worth $580,000 after purchasing an additional 2,211 shares in the last quarter. Institutional investors and hedge funds own 60.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TRC shares. Weiss Ratings upgraded shares of Tejon Ranch from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Wall Street Zen upgraded shares of Tejon Ranch from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Tejon Ranch Stock Performance

NYSE TRC opened at $17.87 on Friday. The firm has a 50-day moving average of $16.61 and a 200-day moving average of $16.35. 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 stock has a market cap of $480.60 million, a PE ratio of 148.92 and a beta of 0.65. Tejon Ranch Co has a 52-week low of $15.04 and a 52-week high of $19.39.

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.