Tejon Ranch (NYSE:TRC) Shares Cross Below 200-Day Moving Average – Should You Sell?

Tejon Ranch Co (NYSE:TRC) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $18.02 and traded as low as $16.19. Tejon Ranch shares last traded at $16.3710, with a volume of 72,634 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Tejon Ranch from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Tejon Ranch Stock Down 2.1%

The company’s fifty day moving average price is $16.29 and its 200-day moving average price is $17.99. The stock has a market capitalization of $436.64 million, a PE ratio of 70.26 and a beta of 0.55. The company has a quick ratio of 2.06, a current ratio of 2.92 and a debt-to-equity ratio of 0.19.

Tejon Ranch (NYSE:TRC) last announced its quarterly earnings data on Thursday, August 6th. The real estate development and agribusiness company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. The company had revenue of $14.26 million for the quarter, compared to the consensus estimate of $8.64 million. Tejon Ranch had a net margin of 10.62% and a return on equity of 1.23%. Analysts forecast that Tejon Ranch Co will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Tejon Ranch

A number of hedge funds have recently added to or reduced their stakes in the company. Nitor Capital Management LLC bought a new position in Tejon Ranch in the 2nd quarter valued at approximately $33,640,000. BlackRock Inc. purchased a new stake in Tejon Ranch during the 2nd quarter valued at $30,383,000. Gamco Investors INC. ET AL increased its holdings in shares of Tejon Ranch by 0.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 737,939 shares of the real estate development and agribusiness company’s stock worth $13,903,000 after purchasing an additional 5,113 shares in the last quarter. Lee Danner & Bass Inc. increased its holdings in shares of Tejon Ranch by 1,109.4% in the 1st quarter. Lee Danner & Bass Inc. now owns 695,425 shares of the real estate development and agribusiness company’s stock worth $13,102,000 after purchasing an additional 637,925 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Tejon Ranch by 4.8% in the 1st quarter. Renaissance Technologies LLC now owns 348,748 shares of the real estate development and agribusiness company’s stock worth $6,570,000 after purchasing an additional 15,922 shares in the last quarter. 60.63% of the stock is currently owned by hedge funds and other institutional investors.

About Tejon Ranch

Tejon Ranch Company (NYSE: TRC) is a diversified real estate and resource management company based in California. Its operations are centered on Tejon Ranch, a large privately owned property located in the Tejon Pass area of Southern California, between Los Angeles and Bakersfield.

The company develops and manages commercial, industrial, residential and retail properties. Its real estate portfolio includes the Tejon Ranch Commerce Center, the Tejon Industrial Complex, the Tejon Ranch Outlets and planning activities related to Centennial, a proposed master-planned community.