Tejon Ranch (TRC) Shares Bought by Millennium Management LLC

Millennium Management LLC raised its stake in Tejon Ranch (NYSE:TRC) by 24.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,184 shares of the real estate development and agribusiness company’s stock after acquiring an additional 12,418 shares during the quarter. Millennium Management LLC owned about 0.24% of Tejon Ranch worth $1,535,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TRC. CIBC Private Wealth Group LLC raised its holdings in Tejon Ranch by 109.9% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 6,684 shares of the real estate development and agribusiness company’s stock valued at $162,000 after acquiring an additional 3,500 shares during the period. Stifel Financial Corp bought a new position in Tejon Ranch in the 1st quarter valued at about $201,000. Commonwealth Equity Services LLC bought a new position in Tejon Ranch in the 2nd quarter valued at about $209,000. GSA Capital Partners LLP bought a new position in Tejon Ranch in the 2nd quarter valued at about $211,000. Finally, Cubist Systematic Strategies LLC bought a new position in Tejon Ranch in the 1st quarter valued at about $221,000. 74.55% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on TRC. TheStreet cut shares of Tejon Ranch from a “c” rating to a “d+” rating in a report on Wednesday, August 29th. Stifel Nicolaus increased their target price on shares of Tejon Ranch from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd.



Shares of NYSE:TRC opened at $19.29 on Wednesday. Tejon Ranch has a 12-month low of $18.59 and a 12-month high of $26.25. The company has a market cap of $502.07 million, a price-to-earnings ratio of 641.67 and a beta of 1.08. The company has a current ratio of 8.13, a quick ratio of 7.49 and a debt-to-equity ratio of 0.15.

Tejon Ranch (NYSE:TRC) last announced its earnings results on Tuesday, August 7th. The real estate development and agribusiness company reported ($0.04) earnings per share (EPS) for the quarter. Tejon Ranch had a return on equity of 0.19% and a net margin of 1.85%. The business had revenue of $5.07 million for the quarter.

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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