Vanguard Group Inc. Has $24.79 Million Stake in Tejon Ranch Co (TRC)

Vanguard Group Inc. increased its position in shares of Tejon Ranch Co (NYSE:TRC) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,201,166 shares of the real estate development and agribusiness company’s stock after buying an additional 63,320 shares during the quarter. Vanguard Group Inc. owned about 5.76% of Tejon Ranch worth $24,792,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. First Manhattan Co. raised its position in shares of Tejon Ranch by 499.5% during the 2nd quarter. First Manhattan Co. now owns 6,001 shares of the real estate development and agribusiness company’s stock valued at $123,000 after buying an additional 5,000 shares during the period. JPMorgan Chase & Co. raised its position in shares of Tejon Ranch by 19.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,965 shares of the real estate development and agribusiness company’s stock valued at $185,000 after buying an additional 1,436 shares during the period. Nationwide Fund Advisors raised its position in shares of Tejon Ranch by 5.6% during the 2nd quarter. Nationwide Fund Advisors now owns 9,662 shares of the real estate development and agribusiness company’s stock valued at $199,000 after buying an additional 516 shares during the period. Wells Fargo & Company MN raised its position in shares of Tejon Ranch by 2.0% during the 2nd quarter. Wells Fargo & Company MN now owns 9,777 shares of the real estate development and agribusiness company’s stock valued at $201,000 after buying an additional 189 shares during the period. Finally, Lee Danner & Bass Inc. raised its position in shares of Tejon Ranch by 16.7% during the 2nd quarter. Lee Danner & Bass Inc. now owns 14,000 shares of the real estate development and agribusiness company’s stock valued at $289,000 after buying an additional 2,000 shares during the period. 59.46% of the stock is currently owned by hedge funds and other institutional investors.

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

In related news, Director Geoffrey L. Stack bought 5,555 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average price of $18.00 per share, for a total transaction of $99,990.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory S. Bielli bought 5,600 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was bought at an average price of $18.00 per share, with a total value of $100,800.00. The disclosure for this purchase can be found here. Insiders purchased a total of 1,113,601 shares of company stock valued at $20,044,818 in the last quarter. 29.40% of the stock is owned by insiders.

Shares of Tejon Ranch Co (TRC) opened at $20.86 on Monday. Tejon Ranch Co has a 1-year low of $18.59 and a 1-year high of $27.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 0.94.

WARNING: This article was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://ledgergazette.com/2017/11/13/vanguard-group-inc-has-24-79-million-stake-in-tejon-ranch-co-trc.html.

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)

Receive News & Ratings for Tejon Ranch Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tejon Ranch Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply