Gamco Investors INC. ET AL Has $10.80 Million Stock Position in Tejon Ranch Co $TRC

Gamco Investors INC. ET AL reduced its holdings in shares of Tejon Ranch Co (NYSE:TRC) by 7.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 676,026 shares of the real estate development and agribusiness company’s stock after selling 56,801 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Tejon Ranch were worth $10,803,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TRC. Jane Street Group LLC increased its position 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 worth $921,000 after purchasing an additional 32,768 shares in the last quarter. Strs Ohio acquired a new stake in Tejon Ranch in the first quarter valued at approximately $65,000. Geode Capital Management LLC grew its stake in shares of Tejon Ranch by 4.4% during the second 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 last quarter. Creative Planning grew its stake in shares of Tejon Ranch by 52.8% during the second quarter. Creative Planning now owns 27,659 shares of the real estate development and agribusiness company’s stock worth $469,000 after buying an additional 9,557 shares during the last quarter. Finally, Accordant Advisory Group Inc increased its holdings in shares of Tejon Ranch by 6.9% during the second quarter. Accordant Advisory Group Inc now owns 34,219 shares of the real estate development and agribusiness company’s stock worth $580,000 after buying an additional 2,211 shares in the last quarter. 60.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRC. Weiss Ratings raised Tejon Ranch from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Wall Street Zen raised Tejon Ranch from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Tejon Ranch currently has an average rating of “Hold”.

Tejon Ranch Trading Up 1.1%

Shares of NYSE TRC opened at $17.87 on Friday. The firm has a 50 day moving average price of $16.61 and a two-hundred day moving average price of $16.35. The stock has a market cap of $480.60 million, a P/E ratio of 148.92 and a beta of 0.65. Tejon Ranch Co has a 52-week low of $15.04 and a 52-week high of $19.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.06 and a current ratio of 2.66.

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.