Tejon Ranch CO (NYSE:TRC) Reports Decline in Sellers; Strong Momentum for Longs

October 13, 2018 - By Marie Mckinney

Tejon Ranch Co. (NYSE:TRC) Logo

Investors sentiment increased to 1.57 in 2018 Q2. Its up 0.41, from 1.16 in 2018Q1. It improved, 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.
16,434 are owned by Manufacturers Life The. Goldman Sachs Inc has invested 0% of its portfolio in Tejon Ranch Co. (NYSE:TRC). Jpmorgan Chase Company has 0% invested in Tejon Ranch Co. (NYSE:TRC). Towerview Ltd Liability Co holds 41.4% in Tejon Ranch Co. (NYSE:TRC) or 3.67 million shares. State Bank Of Montreal Can invested 0% in Tejon Ranch Co. (NYSE:TRC). Granite Inv Prtn Limited Liability stated it has 0.1% of its portfolio in Tejon Ranch Co. (NYSE:TRC). New York-based Blackrock Inc has invested 0% in Tejon Ranch Co. (NYSE:TRC). Third Avenue Ltd holds 1.85M shares. Ontario – Canada-based Cibc World has invested 0% in Tejon Ranch Co. (NYSE:TRC). Swiss Savings Bank accumulated 37,980 shares. Moreover, Schwab Charles has 0% invested in Tejon Ranch Co. (NYSE:TRC) for 94,561 shares. Art Advsrs Ltd owns 0.01% invested in Tejon Ranch Co. (NYSE:TRC) for 11,104 shares. Deutsche Bankshares Ag stated it has 34,858 shares. Price Michael F invested 1.31% of its portfolio in Tejon Ranch Co. (NYSE:TRC). Moreover, Bessemer Gp Inc has 0% invested in Tejon Ranch Co. (NYSE:TRC).

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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