Gamco Investors INC. ET AL Buys 11,062 Shares of Tejon Ranch Co. (NYSE:TRC)

Gamco Investors INC. ET AL boosted its holdings in shares of Tejon Ranch Co. (NYSE:TRC) by 1.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 667,822 shares of the real estate development and agribusiness company’s stock after acquiring an additional 11,062 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Tejon Ranch were worth $10,291,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TRC. Dimensional Fund Advisors LP increased its holdings in Tejon Ranch by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,636,448 shares of the real estate development and agribusiness company’s stock valued at $28,148,000 after buying an additional 40,989 shares during the period. Accordant Advisory Group Inc purchased a new position in Tejon Ranch in the first quarter worth $462,000. State Board of Administration of Florida Retirement System purchased a new position in Tejon Ranch in the first quarter worth $344,000. Vanguard Group Inc. grew its holdings in Tejon Ranch by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,141,947 shares of the real estate development and agribusiness company’s stock worth $18,522,000 after purchasing an additional 17,865 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Tejon Ranch by 72.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 40,468 shares of the real estate development and agribusiness company’s stock worth $696,000 after purchasing an additional 17,040 shares during the last quarter. 60.63% of the stock is owned by hedge funds and other institutional investors.

Tejon Ranch Stock Up 1.7 %

NYSE TRC traded up $0.33 on Friday, hitting $19.29. The stock had a trading volume of 69,083 shares, compared to its average volume of 82,430. The business’s fifty day moving average price is $17.56 and its 200 day moving average price is $16.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.86 and a quick ratio of 4.48. Tejon Ranch Co. has a 52-week low of $14.80 and a 52-week high of $19.82. The stock has a market cap of $516.91 million, a price-to-earnings ratio of 643.00 and a beta of 0.60.

Tejon Ranch (NYSE:TRC) last released its quarterly earnings results on Tuesday, May 7th. The real estate development and agribusiness company reported ($0.03) earnings per share (EPS) for the quarter. Tejon Ranch had a return on equity of 0.12% and a net margin of 1.45%. The firm had revenue of $7.41 million during the quarter. Equities research analysts anticipate that Tejon Ranch Co. will post 0.04 earnings per share for the current 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.