Tejon Ranch Co $TRC Shares Bought by Lee Danner & Bass Inc.

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

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in Tejon Ranch by 129.4% during the 1st quarter. Jane Street Group LLC now owns 58,095 shares of the real estate development and agribusiness company’s stock valued at $921,000 after acquiring an additional 32,768 shares during the last quarter. Strs Ohio acquired a new position in shares of Tejon Ranch in the first quarter valued at approximately $65,000. Rhumbline Advisers increased its holdings in shares of 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 during the period. American Century Companies Inc. increased its holdings in shares of Tejon Ranch by 10.6% in the second quarter. American Century Companies Inc. now owns 52,988 shares of the real estate development and agribusiness company’s stock valued at $899,000 after purchasing an additional 5,064 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Tejon Ranch during the second quarter worth approximately $770,000. Institutional investors and hedge funds own 60.63% of the company’s stock.

Tejon Ranch Price Performance

Shares of NYSE:TRC opened at $18.88 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.76 and a debt-to-equity ratio of 0.22. The company has a market cap of $509.62 million, a P/E 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 company has a 50-day moving average price of $19.26 and a 200 day moving average price of $18.06.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TRC shares. Weiss Ratings downgraded Tejon Ranch from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, March 20th. Wall Street Zen raised shares of Tejon Ranch from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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.