It Seems Tejon Ranch CO (NYSE:TRC) Will Go Up. Just Reported Less Shorted Shares

October 13, 2018 - By Linda Rogers

Tejon Ranch Co. (NYSE:TRC) Logo

Investors sentiment increased to 1.57 in Q2 2018. Its up 0.41, from 1.16 in 2018Q1. It increased, as 6 investors sold Tejon Ranch Co. shares while 24 reduced holdings. 14 funds opened positions while 33 raised stakes. 19.18 million shares or 0.49% less from 19.27 million shares in 2018Q1 were reported.
Price Michael F reported 455,000 shares. Art Advsrs Ltd Llc has invested 0.01% in Tejon Ranch Co. (NYSE:TRC). Levin Strategies L P holds 278,263 shares or 0.12% of its portfolio. Fifth Third Bancorp reported 0% stake. Voya Investment Management Limited accumulated 9,802 shares. Barrow Hanley Mewhinney Strauss Ltd Liability Co stated it has 0% of its portfolio in Tejon Ranch Co. (NYSE:TRC). State Board Of Administration Of Florida Retirement System holds 0% in Tejon Ranch Co. (NYSE:TRC) or 29,628 shares. Ameritas Investment Ptnrs has invested 0% in Tejon Ranch Co. (NYSE:TRC). Millennium Ltd Limited Liability Company has invested 0% in Tejon Ranch Co. (NYSE:TRC). Deutsche Fincl Bank Ag reported 34,858 shares. Financial Bank Of Mellon Corporation reported 337,868 shares stake. Citigroup has invested 0% in Tejon Ranch Co. (NYSE:TRC). 165 were reported by Natl Bank Of Montreal Can. Gabelli Funds Ltd Liability Corporation holds 0.03% or 190,000 shares. Glenmede Trust Na invested in 70 shares.

The stock of Tejon Ranch CO (NYSE:TRC) registered a decrease of 2.66% in short interest. TRC’s total short interest was 659,800 shares in October as published by FINRA. Its down 2.66% from 677,800 shares, reported previously. With 65,500 shares average volume, it will take short sellers 10 days to cover their TRC’s short positions. The short interest to Tejon Ranch CO’s float is 3.45%.

The stock decreased 1.92% or $0.37 during the last trading session, reaching $18.88. About 163,525 shares traded or 100.26% up from the average. Tejon Ranch Co. (NYSE:TRC) has risen 9.42% since October 13, 2017 and is uptrending. It has underperformed by 6.20% the S&P500.

Tejon Ranch Co. operates as a diversified real estate development and agribusiness company. The company has market cap of $490.13 million. The firm operates through five divisions: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. It has a 460.49 P/E ratio. The Commercial/Industrial Real Estate Development segment is involved in the entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings; construction of buildings to be leased or sold; and sale of land to third parties for their own development.

Tejon Ranch Co. (NYSE:TRC) Institutional Positions Chart

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