Tejon Ranch (TRC) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC boosted its holdings in Tejon Ranch (NYSE:TRC) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,821 shares of the real estate development and agribusiness company’s stock after purchasing an additional 40,821 shares during the quarter. Gabelli Funds LLC owned about 0.66% of Tejon Ranch worth $3,546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC World Markets Inc. lifted its position in Tejon Ranch by 29.4% during the fourth quarter. CIBC World Markets Inc. now owns 28,846 shares of the real estate development and agribusiness company’s stock valued at $599,000 after purchasing an additional 6,546 shares during the period. Reik & CO. LLC lifted its position in Tejon Ranch by 4.5% during the fourth quarter. Reik & CO. LLC now owns 152,833 shares of the real estate development and agribusiness company’s stock valued at $3,172,000 after purchasing an additional 6,641 shares during the period. Towerview LLC raised its position in Tejon Ranch by 31.4% in the fourth quarter. Towerview LLC now owns 3,672,659 shares of the real estate development and agribusiness company’s stock worth $76,244,000 after acquiring an additional 877,659 shares during the period. Moloney Securities Asset Management LLC raised its position in Tejon Ranch by 123.6% in the fourth quarter. Moloney Securities Asset Management LLC now owns 84,170 shares of the real estate development and agribusiness company’s stock worth $1,747,000 after acquiring an additional 46,520 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Tejon Ranch by 22.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 69,768 shares of the real estate development and agribusiness company’s stock worth $1,449,000 after acquiring an additional 12,964 shares during the period. Institutional investors and hedge funds own 69.50% of the company’s stock.

Separately, TheStreet upgraded shares of Tejon Ranch from a “d+” rating to a “c-” rating in a research report on Friday, November 24th.

Shares of Tejon Ranch (NYSE TRC) traded up $0.07 during mid-day trading on Tuesday, hitting $22.18. 14,051 shares of the stock traded hands, compared to its average volume of 67,749. Tejon Ranch has a 12-month low of $18.59 and a 12-month high of $24.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.31.

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About Tejon Ranch

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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