Tejon Ranch (NYSE:TRC) Position Reduced by Rhumbline Advisers

Rhumbline Advisers lessened its stake in Tejon Ranch (NYSE:TRC) by 1.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,671 shares of the real estate development and agribusiness company’s stock after selling 583 shares during the quarter. Rhumbline Advisers owned about 0.12% of Tejon Ranch worth $557,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRC. BlackRock Inc. raised its holdings in Tejon Ranch by 3.1% during the fourth quarter. BlackRock Inc. now owns 1,497,835 shares of the real estate development and agribusiness company’s stock worth $24,834,000 after acquiring an additional 44,985 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Tejon Ranch by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,440,904 shares of the real estate development and agribusiness company’s stock valued at $23,891,000 after acquiring an additional 50,423 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Tejon Ranch by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 340,523 shares of the real estate development and agribusiness company’s stock valued at $5,646,000 after acquiring an additional 4,218 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tejon Ranch by 36.4% during the 4th quarter. Geode Capital Management LLC now owns 239,932 shares of the real estate development and agribusiness company’s stock valued at $3,978,000 after acquiring an additional 64,087 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Tejon Ranch by 5.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 64,209 shares of the real estate development and agribusiness company’s stock valued at $1,130,000 after acquiring an additional 3,169 shares in the last quarter. Institutional investors and hedge funds own 70.62% of the company’s stock.

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



Shares of NYSE TRC traded up $0.10 during mid-day trading on Wednesday, hitting $17.05. 158,661 shares of the stock traded hands, compared to its average volume of 54,624. The company has a quick ratio of 5.13, a current ratio of 5.46 and a debt-to-equity ratio of 0.14. Tejon Ranch has a twelve month low of $16.04 and a twelve month high of $26.09. The company has a market cap of $437.77 million, a price-to-earnings ratio of 168.70 and a beta of 0.97.

In other news, Director Towerview Llc acquired 6,508 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average price of $16.16 per share, with a total value of $105,169.28. Following the acquisition, the director now directly owns 3,685,100 shares in the company, valued at approximately $59,551,216. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have purchased 19,767 shares of company stock worth $319,111. 19.79% of the stock is currently owned by company insiders.

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About Tejon Ranch

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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