Quantinno Capital Management LP Acquires 34,547 Shares of Tejon Ranch Co $TRC

Quantinno Capital Management LP boosted its stake in shares of Tejon Ranch Co (NYSE:TRC) by 49.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 104,006 shares of the real estate development and agribusiness company’s stock after purchasing an additional 34,547 shares during the period. Quantinno Capital Management LP’s holdings in Tejon Ranch were worth $1,959,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new position in shares of Tejon Ranch during the first quarter valued at approximately $826,000. Renaissance Technologies LLC raised its position in shares of Tejon Ranch by 4.8% in the 1st quarter. Renaissance Technologies LLC now owns 348,748 shares of the real estate development and agribusiness company’s stock worth $6,570,000 after acquiring an additional 15,922 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Tejon Ranch by 6.5% during the 1st quarter. Gabelli Funds LLC now owns 280,000 shares of the real estate development and agribusiness company’s stock worth $5,275,000 after purchasing an additional 17,000 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Tejon Ranch by 0.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 737,939 shares of the real estate development and agribusiness company’s stock worth $13,903,000 after purchasing an additional 5,113 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Tejon Ranch by 98.8% during the first quarter. Sei Investments Co. now owns 168,854 shares of the real estate development and agribusiness company’s stock valued at $3,181,000 after purchasing an additional 83,921 shares in the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Tejon Ranch in a research note on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Tejon Ranch Trading Up 0.6%

Tejon Ranch stock opened at $16.54 on Wednesday. The stock has a 50-day moving average price of $18.22 and a 200 day moving average price of $18.37. The company has a market capitalization of $446.96 million, a price-to-earnings ratio of 71.92 and a beta of 0.59. Tejon Ranch Co has a 52 week low of $15.31 and a 52 week high of $21.31. The company has a quick ratio of 2.06, a current ratio of 2.92 and a debt-to-equity ratio of 0.19.

Tejon Ranch (NYSE:TRC) last issued its quarterly earnings results on Thursday, August 6th. The real estate development and agribusiness company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.08. Tejon Ranch had a net margin of 10.62% and a return on equity of 1.23%. The company had revenue of $14.26 million for the quarter, compared to the consensus estimate of $8.64 million. Sell-side analysts anticipate that Tejon Ranch Co will post 0.11 EPS for the current year.

About Tejon Ranch

Tejon Ranch Corporation (NYSE: TRC) is one of California’s largest private landowners, with a diversified portfolio spanning agriculture, real estate development and natural resource operations. Headquartered in Lebec, California, the company’s holdings encompass approximately 270,000 acres in Kern and Los Angeles counties. Established in 1937 on the historic Rancho Tejon land grant, Tejon Ranch has leveraged its strategic location along Interstate 5 to build a multifaceted enterprise serving both local and regional markets.

In agriculture, Tejon Ranch grows a variety of row crops and permanent plantings, including almonds, pistachios, table grapes and citrus.