Proficio Capital Partners LLC Purchases Shares of 19,637 Tejon Ranch Co. (NYSE:TRC)

Proficio Capital Partners LLC acquired a new position in shares of Tejon Ranch Co. (NYSE:TRC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,637 shares of the real estate development and agribusiness company’s stock, valued at approximately $312,000.

Several other large investors also recently made changes to their positions in TRC. Barclays PLC raised its stake in 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 during the period. SG Americas Securities LLC lifted its position in Tejon Ranch by 30.3% in the 4th 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 acquiring an additional 4,424 shares in the last quarter. Geode Capital Management LLC boosted its stake in Tejon Ranch by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company’s stock valued at $9,444,000 after purchasing an additional 4,247 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Tejon Ranch by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company’s stock worth $3,413,000 after purchasing an additional 1,486 shares in the last quarter. Finally, Levin Capital Strategies L.P. raised its stake in shares of 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 purchasing an additional 7,422 shares during the last quarter. 60.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Tejon Ranch to a “sell” rating in a report on Wednesday, March 5th.

Tejon Ranch Stock Performance

Shares of TRC stock opened at $15.83 on Wednesday. Tejon Ranch Co. has a one year low of $14.71 and a one year high of $19.82. The company has a market cap of $425.13 million, a P/E ratio of -1,583,000.00 and a beta of 0.59. The firm has a 50-day moving average of $15.94 and a 200-day moving average of $16.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46.

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

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.