Tejon Ranch (NYSE:TRC) Position Raised by Towerview LLC

Towerview LLC increased its stake in shares of Tejon Ranch (NYSE:TRC) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,692,426 shares of the real estate development and agribusiness company’s stock after buying an additional 19,767 shares during the quarter. Tejon Ranch comprises approximately 34.9% of Towerview LLC’s investment portfolio, making the stock its biggest holding. Towerview LLC owned 14.23% of Tejon Ranch worth $61,257,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Tejon Ranch by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 340,523 shares of the real estate development and agribusiness company’s stock valued at $5,646,000 after buying an additional 4,218 shares during the period. Geode Capital Management LLC raised its holdings in shares of Tejon Ranch by 36.4% in the 4th quarter. Geode Capital Management LLC now owns 239,932 shares of the real estate development and agribusiness company’s stock valued at $3,978,000 after purchasing an additional 64,087 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Tejon Ranch by 305.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,406 shares of the real estate development and agribusiness company’s stock valued at $106,000 after purchasing an additional 4,826 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Tejon Ranch by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,440,904 shares of the real estate development and agribusiness company’s stock valued at $23,891,000 after purchasing an additional 50,423 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Tejon Ranch in the 4th quarter valued at $582,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

In other Tejon Ranch news, Director Towerview Llc acquired 6,508 shares of the stock in a transaction on Friday, May 31st. The shares were bought at an average cost of $16.16 per share, with a total value of $105,169.28. Following the transaction, the director now owns 3,685,100 shares of the company’s stock, valued at approximately $59,551,216. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dt Four Partners, Llc acquired 39,453 shares of the stock in a transaction on Wednesday, June 26th. The shares were acquired at an average cost of $16.36 per share, for a total transaction of $645,451.08. Following the completion of the transaction, the director now directly owns 964,453 shares in the company, valued at approximately $15,778,451.08. The disclosure for this purchase can be found here. Insiders have acquired a total of 129,317 shares of company stock worth $2,121,163 over the last three months. 19.79% of the stock is currently owned by insiders.

Shares of TRC traded down $0.98 during midday trading on Monday, reaching $16.91. The stock had a trading volume of 1,656 shares, compared to its average volume of 55,280. Tejon Ranch has a 1-year low of $16.04 and a 1-year high of $23.50. The business has a fifty day moving average price of $17.42. The firm has a market capitalization of $464.25 million, a P/E ratio of 105.24 and a beta of 0.92. The company has a debt-to-equity ratio of 0.14, a quick ratio of 5.13 and a current ratio of 5.46.

Tejon Ranch (NYSE:TRC) last posted its earnings results on Thursday, August 1st. The real estate development and agribusiness company reported $0.03 EPS for the quarter. Tejon Ranch had a net margin of 9.90% and a return on equity of 1.06%. The firm had revenue of $8.95 million for the quarter.

About Tejon Ranch

Tejon Ranch Co 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 entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.

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Institutional Ownership by Quarter for Tejon Ranch (NYSE:TRC)

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