CIBC World Markets Inc. Boosts Position in Tejon Ranch (TRC)

CIBC World Markets Inc. boosted its position in shares of Tejon Ranch (NYSE:TRC) by 29.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,846 shares of the real estate development and agribusiness company’s stock after buying an additional 6,546 shares during the period. CIBC World Markets Inc. owned approximately 0.11% of Tejon Ranch worth $599,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TRC. Stelac Advisory Services LLC bought a new position in shares of Tejon Ranch in the third quarter worth about $124,000. SG Americas Securities LLC bought a new position in Tejon Ranch in the 3rd quarter valued at approximately $167,000. JPMorgan Chase & Co. raised its holdings in 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 worth $185,000 after purchasing an additional 1,436 shares during the last quarter. Nationwide Fund Advisors raised its holdings in 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 worth $199,000 after purchasing an additional 516 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in 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 worth $201,000 after purchasing an additional 189 shares during the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Tejon Ranch (TRC) traded down $0.15 during mid-day trading on Thursday, hitting $21.49. 12,420 shares of the stock traded hands, compared to its average volume of 67,171. Tejon Ranch has a one year low of $18.59 and a one year high of $24.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.31 and a quick ratio of 1.13.

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

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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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