London Co. of Virginia Has $5.36 Million Position in Tejon Ranch (TRC)

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London Co. of Virginia reduced its stake in Tejon Ranch (NYSE:TRC) by 23.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 323,209 shares of the real estate development and agribusiness company’s stock after selling 99,576 shares during the quarter. London Co. of Virginia owned approximately 1.24% of Tejon Ranch worth $5,359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in Tejon Ranch by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 337,868 shares of the real estate development and agribusiness company’s stock worth $8,211,000 after purchasing an additional 4,078 shares during the last quarter. Northern Trust Corp lifted its holdings in Tejon Ranch by 10.0% in the 2nd quarter. Northern Trust Corp now owns 279,143 shares of the real estate development and agribusiness company’s stock worth $6,782,000 after purchasing an additional 25,423 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Tejon Ranch in the 3rd quarter worth approximately $1,973,000. GSA Capital Partners LLP lifted its holdings in Tejon Ranch by 95.7% in the 3rd quarter. GSA Capital Partners LLP now owns 17,004 shares of the real estate development and agribusiness company’s stock worth $369,000 after purchasing an additional 8,314 shares during the last quarter. Finally, Marquette Asset Management LLC lifted its holdings in Tejon Ranch by 11.6% in the 4th quarter. Marquette Asset Management LLC now owns 12,230 shares of the real estate development and agribusiness company’s stock worth $203,000 after purchasing an additional 1,268 shares during the last quarter. Hedge funds and other institutional investors own 70.11% of the company’s stock.

Shares of NYSE TRC opened at $18.12 on Friday. The company has a current ratio of 5.85, a quick ratio of 5.69 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $472.32 million, a price-to-earnings ratio of 112.88 and a beta of 1.02. Tejon Ranch has a 12 month low of $16.04 and a 12 month high of $26.25.

Separately, TheStreet raised Tejon Ranch from a “d+” rating to a “c-” rating in a research report on Wednesday, February 20th.

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Tejon Ranch Company Profile

Tejon Ranch Co operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.

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Institutional Ownership by Quarter for Tejon Ranch (NYSE:TRC)

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