Tejon Ranch Co. (NYSE:TRC) Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in Tejon Ranch Co. (NYSE:TRC) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 339,038 shares of the real estate development and agribusiness company’s stock after purchasing an additional 6,605 shares during the period. Bank of New York Mellon Corp’s holdings in Tejon Ranch were worth $5,784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TRC. Quent Capital LLC acquired a new position in Tejon Ranch during the first quarter valued at $37,000. BNP Paribas Financial Markets increased its holdings in shares of Tejon Ranch by 65.7% in the 1st quarter. BNP Paribas Financial Markets now owns 10,216 shares of the real estate development and agribusiness company’s stock valued at $157,000 after purchasing an additional 4,051 shares during the period. SG Americas Securities LLC lifted its position in shares of Tejon Ranch by 39.2% in the second quarter. SG Americas Securities LLC now owns 11,249 shares of the real estate development and agribusiness company’s stock worth $192,000 after purchasing an additional 3,170 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in shares of Tejon Ranch by 286.1% during the first quarter. EntryPoint Capital LLC now owns 14,740 shares of the real estate development and agribusiness company’s stock worth $227,000 after purchasing an additional 10,922 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Tejon Ranch by 1,141.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 15,939 shares of the real estate development and agribusiness company’s stock worth $246,000 after purchasing an additional 14,655 shares during the period. Institutional investors and hedge funds own 60.63% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Tejon Ranch to a “sell” rating in a research note on Wednesday, August 7th.

Tejon Ranch Price Performance

Shares of NYSE:TRC opened at $17.68 on Friday. The firm has a market cap of $473.77 million, a price-to-earnings ratio of 589.33 and a beta of 0.58. Tejon Ranch Co. has a 1 year low of $14.80 and a 1 year high of $19.82. The company has a current ratio of 3.43, a quick ratio of 2.95 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $17.77 and a 200 day simple moving average of $16.93.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings results on Tuesday, August 6th. The real estate development and agribusiness company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The company had revenue of $5.69 million during the quarter, compared to the consensus estimate of $7.50 million. Tejon Ranch had a return on equity of 0.26% and a net margin of 3.21%. As a group, sell-side analysts predict that Tejon Ranch Co. will post 0.02 earnings per share for the current fiscal year.

Tejon Ranch Profile

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.