Tejon Ranch Co. (NYSE:TRC) Shares Bought by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lifted its holdings in Tejon Ranch Co. (NYSE:TRC) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,653 shares of the real estate development and agribusiness company’s stock after acquiring an additional 7,422 shares during the period. Levin Capital Strategies L.P. owned approximately 0.26% of Tejon Ranch worth $1,123,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TRC. SG Americas Securities LLC increased its position 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 worth $302,000 after acquiring an additional 4,424 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Tejon Ranch in the fourth quarter worth $312,000. Barclays PLC grew its holdings 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 valued at $563,000 after purchasing an additional 24,015 shares in the last quarter. Charles Schwab Investment Management Inc. grew 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 valued at $3,413,000 after purchasing an additional 1,486 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 60.63% of the company’s stock.

Insider Activity at Tejon Ranch

In related news, Director Geoffrey L. Stack sold 5,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $16.12, for a total transaction of $80,600.00. Following the completion of the sale, the director now directly owns 72,544 shares of the company’s stock, valued at approximately $1,169,409.28. This trade represents a 6.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 10,000 shares of company stock valued at $159,850. Corporate insiders own 22.44% of the company’s stock.

Tejon Ranch Price Performance

TRC opened at $15.36 on Friday. The company has a fifty day simple moving average of $15.87 and a 200 day simple moving average of $16.43. The firm has a market cap of $412.05 million, a price-to-earnings ratio of -1,536,200.00 and a beta of 0.59. Tejon Ranch Co. has a twelve month low of $14.70 and a twelve month 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.

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.