Quantinno Capital Management LP Grows Position in Tejon Ranch Co $TRC

Quantinno Capital Management LP grew its position in Tejon Ranch Co (NYSE:TRC) by 49.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,006 shares of the real estate development and agribusiness company’s stock after acquiring an additional 34,547 shares during the quarter. Quantinno Capital Management LP owned 0.39% of Tejon Ranch worth $1,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TRC. Russell Investments Group Ltd. raised its stake in Tejon Ranch by 688.9% during 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 in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Tejon Ranch by 59.8% in 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 period. Strs Ohio bought a new position in shares of Tejon Ranch during the 1st quarter valued at approximately $65,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Tejon Ranch during the 4th quarter valued at approximately $87,000. Finally, Raymond James Financial Inc. purchased a new stake in Tejon Ranch during the 2nd quarter valued at $122,000. 60.63% of the stock is owned by hedge funds and other institutional investors.

Tejon Ranch Stock Performance

Shares of NYSE:TRC opened at $16.54 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 2.06 and a debt-to-equity ratio of 0.19. Tejon Ranch Co has a 12 month low of $15.31 and a 12 month high of $21.31. The company has a market capitalization of $446.96 million, a price-to-earnings ratio of 71.92 and a beta of 0.59. The firm’s 50-day moving average is $18.22 and its 200 day moving average is $18.37.

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

Analyst Upgrades and Downgrades

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

About Tejon Ranch

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.