Occudo Quantitative Strategies LP Takes Position in Tejon Ranch Co. (NYSE:TRC)

Occudo Quantitative Strategies LP bought a new stake in Tejon Ranch Co. (NYSE:TRC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,587 shares of the real estate development and agribusiness company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its holdings 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 valued at $563,000 after purchasing an additional 24,015 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Tejon Ranch by 190.7% during the 4th quarter. JPMorgan Chase & Co. now owns 27,666 shares of the real estate development and agribusiness company’s stock valued at $440,000 after purchasing an additional 18,149 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Tejon Ranch during the 4th quarter valued at approximately $312,000. CenterBook Partners LP bought a new stake in shares of Tejon Ranch during the 4th quarter valued at approximately $1,061,000. Finally, SG Americas Securities LLC grew its holdings in shares of Tejon Ranch by 30.3% during 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 purchasing an additional 4,424 shares during the last quarter. 60.63% of the stock is currently owned by institutional investors and hedge funds.

Tejon Ranch Trading Down 0.8%

Shares of Tejon Ranch stock opened at $16.64 on Friday. Tejon Ranch Co. has a 1 year low of $14.71 and a 1 year high of $19.82. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $447.38 million, a PE ratio of -1,664,300.00 and a beta of 0.64. The firm’s 50 day moving average is $16.36 and its 200 day moving average is $16.05.

Tejon Ranch (NYSE:TRC) last posted its earnings results on Thursday, May 8th. The real estate development and agribusiness company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The business had revenue of $8.21 million for the quarter, compared to the consensus estimate of $7.57 million. Equities research analysts forecast that Tejon Ranch Co. will post -0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Tejon Ranch to a “sell” rating in a report 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.