Brandywine Global Investment Management LLC Sells 3,700 Shares of Tejon Ranch Co. (NYSE:TRC)

Brandywine Global Investment Management LLC decreased its stake in Tejon Ranch Co. (NYSE:TRC) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,732 shares of the real estate development and agribusiness company’s stock after selling 3,700 shares during the period. Brandywine Global Investment Management LLC owned about 0.32% of Tejon Ranch worth $1,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Kennondale Capital Management LLC bought a new position in Tejon Ranch in the fourth quarter valued at $174,000. SG Americas Securities LLC increased its position 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. Proficio Capital Partners LLC purchased a new position in shares of Tejon Ranch during the 4th quarter valued at about $312,000. JPMorgan Chase & Co. lifted its position in Tejon Ranch by 190.7% in the 4th quarter. JPMorgan Chase & Co. now owns 27,666 shares of the real estate development and agribusiness company’s stock worth $440,000 after buying an additional 18,149 shares during the last quarter. Finally, Barclays PLC boosted its stake in Tejon Ranch by 298.1% in the third quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock worth $563,000 after buying an additional 24,015 shares in the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Tejon Ranch Stock Performance

NYSE TRC opened at $15.91 on Thursday. The company has a 50-day simple moving average of $15.93 and a two-hundred day simple moving average of $16.17. Tejon Ranch Co. has a 12-month low of $14.71 and a 12-month high of $19.82. The firm has a market cap of $427.28 million, a price-to-earnings ratio of -1,591,000.00 and a beta of 0.59. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12.

Tejon Ranch (NYSE:TRC) last issued its earnings results on Thursday, March 6th. The real estate development and agribusiness company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.14. The company had revenue of $17.94 million during the quarter, compared to analysts’ expectations of $15.53 million. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. On average, equities analysts forecast that Tejon Ranch Co. will post -0.04 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Tejon Ranch to a “sell” rating in a report on Wednesday, March 5th.

Tejon Ranch Company 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.