Teton Advisors LLC Acquires New Position in Tejon Ranch Co $TRC

Teton Advisors LLC acquired a new stake in Tejon Ranch Co (NYSE:TRC) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 83,000 shares of the real estate development and agribusiness company’s stock, valued at approximately $1,326,000.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Tejon Ranch by 0.7% during the third quarter. Vanguard Group Inc. now owns 2,138,314 shares of the real estate development and agribusiness company’s stock valued at $34,170,000 after acquiring an additional 14,767 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its position in Tejon Ranch by 99.9% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 1,647,497 shares of the real estate development and agribusiness company’s stock valued at $27,942,000 after purchasing an additional 823,435 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Tejon Ranch by 1.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 732,827 shares of the real estate development and agribusiness company’s stock valued at $12,429,000 after purchasing an additional 7,900 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Tejon Ranch by 4.4% in the 2nd quarter. Geode Capital Management LLC now owns 580,079 shares of the real estate development and agribusiness company’s stock worth $9,840,000 after buying an additional 24,268 shares during the period. Finally, Foundation Resource Management Inc. grew 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 buying an additional 1,865 shares in the last quarter. 60.63% of the stock is owned by hedge funds and other institutional investors.

Tejon Ranch Stock Up 1.1%

Tejon Ranch stock opened at $17.87 on Friday. Tejon Ranch Co has a 1-year low of $15.04 and a 1-year high of $19.39. The business has a fifty day moving average price of $16.61 and a 200-day moving average price of $16.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.66 and a quick ratio of 2.06. The stock has a market capitalization of $480.52 million, a price-to-earnings ratio of 148.92 and a beta of 0.65.

Analysts Set New Price Targets

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

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.