Third Avenue Management LLC Raises Stake in Tejon Ranch Company (TRC)

Third Avenue Management LLC grew its position in Tejon Ranch Company (NYSE:TRC) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,211,653 shares of the real estate development and agribusiness company’s stock after purchasing an additional 47,500 shares during the period. Tejon Ranch makes up approximately 2.0% of Third Avenue Management LLC’s investment portfolio, making the stock its 12th largest holding. Third Avenue Management LLC owned 10.60% of Tejon Ranch worth $45,649,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. First Manhattan Co. raised its holdings in Tejon Ranch by 499.5% during the second quarter. First Manhattan Co. now owns 6,001 shares of the real estate development and agribusiness company’s stock worth $123,000 after acquiring an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Tejon Ranch by 19.1% during the second quarter. JPMorgan Chase & Co. now owns 8,965 shares of the real estate development and agribusiness company’s stock worth $185,000 after acquiring an additional 1,436 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Tejon Ranch by 5.6% during the second quarter. Nationwide Fund Advisors now owns 9,662 shares of the real estate development and agribusiness company’s stock worth $199,000 after acquiring an additional 516 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Tejon Ranch by 2.0% during the second quarter. Wells Fargo & Company MN now owns 9,777 shares of the real estate development and agribusiness company’s stock worth $201,000 after acquiring an additional 189 shares in the last quarter. Finally, PDT Partners LLC bought a new stake in Tejon Ranch during the second quarter worth about $222,000. Institutional investors own 73.51% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Third Avenue Management LLC Raises Stake in Tejon Ranch Company (TRC)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/09/30/third-avenue-management-llc-raises-stake-in-tejon-ranch-co-trc.html.

Separately, BidaskClub lowered Tejon Ranch from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.

In other Tejon Ranch news, insider Dennis Atkinson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $19.83, for a total transaction of $59,490.00. Following the sale, the insider now owns 46,266 shares of the company’s stock, valued at approximately $917,454.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through t

Several other institutional investors have also recently modified their holdings of the company. First Manhattan Co. raised its holdings in Tejon Ranch by 499.5% during the second quarter. First Manhattan Co. now owns 6,001 shares of the real estate development and agribusiness company’s stock worth $123,000 after acquiring an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Tejon Ranch by 19.1% during the second quarter. JPMorgan Chase & Co. now owns 8,965 shares of the real estate development and agribusiness company’s stock worth $185,000 after acquiring an additional 1,436 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Tejon Ranch by 5.6% during the second quarter. Nationwide Fund Advisors now owns 9,662 shares of the real estate development and agribusiness company’s stock worth $199,000 after acquiring an additional 516 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Tejon Ranch by 2.0% during the second quarter. Wells Fargo & Company MN now owns 9,777 shares of the real estate development and agribusiness company’s stock worth $201,000 after acquiring an additional 189 shares in the last quarter. Finally, PDT Partners LLC bought a new stake in Tejon Ranch during the second quarter worth about $222,000. Institutional investors own 73.51% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Third Avenue Management LLC Raises Stake in Tejon Ranch Company (TRC)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/09/30/third-avenue-management-llc-raises-stake-in-tejon-ranch-co-trc.html.

Separately, BidaskClub lowered Tejon Ranch from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.

In other Tejon Ranch news, insider Dennis Atkinson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $19.83, for a total transaction of $59,490.00. Following the sale, the insider now owns 46,266 shares of the company’s stock, valued at approximately $917,454.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 29.40% of the stock is currently owned by insiders.

Tejon Ranch Company (NYSE TRC) traded down 1.25% during mid-day trading on Tuesday, reaching $19.01. The company had a trading volume of 175,209 shares. Tejon Ranch Company has a one year low of $18.77 and a one year high of $27.17. The stock has a 50 day moving average price of $19.98 and a 200 day moving average price of $20.53. The company’s market capitalization is $396.64 million.

Tejon Ranch Profile

Tejon Ranch Co is a diversified real estate development and agribusiness company. The Company operates through five segments: Real Estate-Commercial/Industrial; Real Estate-Resort/Residential; Mineral Resources; Farming Operations, and Ranch Operations. Its Real Estate-Commercial/Industrial segment is engaged in building, land lease activities, and land and building sales.

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

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