Tejon Ranch Co. (NYSE:TRC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Tejon Ranch Co. (NYSE:TRC) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 195,879 shares of the real estate development and agribusiness company’s stock after buying an additional 1,409 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Tejon Ranch were worth $3,114,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TRC. Barclays PLC raised its position in shares of Tejon Ranch by 298.1% during the 3rd quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock worth $563,000 after buying an additional 24,015 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Tejon Ranch in the 4th quarter worth $312,000. SG Americas Securities LLC lifted its holdings in shares of Tejon Ranch by 30.3% in the fourth quarter. SG Americas Securities LLC now owns 19,010 shares of the real estate development and agribusiness company’s stock valued at $302,000 after buying an additional 4,424 shares during the period. Geode Capital Management LLC grew its holdings in Tejon Ranch by 0.8% during the third quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company’s stock worth $9,444,000 after acquiring an additional 4,247 shares during the period. Finally, Levin Capital Strategies L.P. raised its position in Tejon Ranch by 11.7% in the fourth quarter. Levin Capital Strategies L.P. now owns 70,653 shares of the real estate development and agribusiness company’s stock worth $1,123,000 after acquiring an additional 7,422 shares in the last quarter. Institutional investors own 60.63% of the company’s stock.

Tejon Ranch Price Performance

NYSE TRC opened at $16.50 on Friday. Tejon Ranch Co. has a 1 year low of $14.71 and a 1 year high of $19.82. The business’s fifty day moving average is $15.94 and its two-hundred day moving average is $16.22. The stock has a market capitalization of $443.10 million, a P/E ratio of -1,649,900.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.46 and a current ratio of 2.84.

Tejon Ranch (NYSE:TRC) last announced its earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The company had revenue of $17.94 million for the quarter, compared to analyst estimates of $15.53 million. On average, research analysts forecast that Tejon Ranch Co. will post -0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Tejon Ranch to a “sell” rating in a research note on Wednesday, March 5th.

About Tejon Ranch

Tejon Ranch Co, together with its subsidiaries, 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 planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.