Tejon Ranch Co $TRC Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its stake in Tejon Ranch Co (NYSE:TRC) by 98.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 168,854 shares of the real estate development and agribusiness company’s stock after acquiring an additional 83,921 shares during the quarter. Sei Investments Co.’s holdings in Tejon Ranch were worth $3,181,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TRC. Russell Investments Group Ltd. grew its position in shares of Tejon Ranch by 688.9% in the third quarter. Russell Investments Group Ltd. now owns 1,996 shares of the real estate development and agribusiness company’s stock valued at $32,000 after purchasing an additional 1,743 shares during the period. BNP Paribas Financial Markets raised its position in shares of Tejon Ranch by 59.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,200 shares of the real estate development and agribusiness company’s stock worth $37,000 after purchasing an additional 823 shares during the last quarter. Strs Ohio purchased a new position in Tejon Ranch in the 1st quarter valued at about $65,000. Eurizon Capital SGR S.p.A. purchased a new position in Tejon Ranch in the 4th quarter valued at about $87,000. Finally, Raymond James Financial Inc. acquired a new stake in Tejon Ranch in the 2nd quarter worth about $122,000. 60.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Tejon Ranch in a research note on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Tejon Ranch Trading Up 1.3%

Shares of TRC stock opened at $16.67 on Friday. The stock’s fifty day moving average is $18.32 and its two-hundred day moving average is $18.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.25 and a current ratio of 2.76. The firm has a market capitalization of $450.04 million, a P/E ratio of 72.47 and a beta of 0.59. Tejon Ranch Co has a fifty-two week low of $15.31 and a fifty-two week high of $21.31.

Tejon Ranch (NYSE:TRC) last released its earnings results on Thursday, August 6th. The real estate development and agribusiness company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $14.26 million during the quarter, compared to analyst estimates of $8.64 million. Tejon Ranch had a net margin of 10.62% and a return on equity of 1.23%. Research analysts expect that Tejon Ranch Co will post 0.11 earnings per share for the current fiscal year.

Tejon Ranch 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.