Tejon Ranch (TRC) Hits New 12-Month Low at $17.44

Tejon Ranch (NYSE:TRC) reached a new 52-week low during trading on Tuesday . The company traded as low as $17.44 and last traded at $17.32, with a volume of 1584 shares trading hands. The stock had previously closed at $17.94.

Separately, TheStreet cut Tejon Ranch from a “c” rating to a “d+” rating in a research report on Wednesday, August 29th.

The company has a quick ratio of 7.08, a current ratio of 7.50 and a debt-to-equity ratio of 0.14. The stock has a market cap of $469.24 million, a P/E ratio of 112.94 and a beta of 1.03.

Large investors have recently bought and sold shares of the company. First Hawaiian Bank acquired a new stake in shares of Tejon Ranch during the 3rd quarter valued at about $109,000. Russell Investments Group Ltd. acquired a new stake in shares of Tejon Ranch during the 3rd quarter valued at about $143,000. CIBC Private Wealth Group LLC grew its position in shares of Tejon Ranch by 109.9% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 6,684 shares of the real estate development and agribusiness company’s stock valued at $162,000 after acquiring an additional 3,500 shares during the period. JPMorgan Chase & Co. grew its position in shares of Tejon Ranch by 104.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,293 shares of the real estate development and agribusiness company’s stock valued at $180,000 after acquiring an additional 4,231 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Tejon Ranch during the 2nd quarter valued at about $209,000. Hedge funds and other institutional investors own 73.48% of the company’s stock.

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Tejon Ranch Company Profile (NYSE:TRC)

Tejon Ranch Co operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.

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