It Seems Tejon Ranch Co. (TRC) Will Go Up. Just Reaches 52-Week High

March 17, 2018 - By Migdalia James

Investors sentiment increased to 1.95 in 2017 Q3. Its up 0.10, from 1.85 in 2017Q2. It is positive, as 3 investors sold Tejon Ranch Co. shares while 18 reduced holdings. 16 funds opened positions while 25 raised stakes. 15.60 million shares or 2.22% more from 15.26 million shares in 2017Q2 were reported.
Jupiter Asset Ltd holds 0.15% of its portfolio in Tejon Ranch Co. (NYSE:TRC) for 212,601 shares. Citigroup holds 3,510 shares or 0% of its portfolio. Ny State Common Retirement Fund accumulated 18,300 shares. Barclays Pcl reported 833 shares. Levin Capital Strategies Limited Partnership owns 350,939 shares for 0.13% of their portfolio. Goldman Sachs Group Incorporated Inc reported 0% of its portfolio in Tejon Ranch Co. (NYSE:TRC). Alliancebernstein L P holds 0% or 12,402 shares. Renaissance Tech Limited Liability Corporation holds 0% in Tejon Ranch Co. (NYSE:TRC) or 58,000 shares. Neuberger Berman Group Incorporated Lc reported 0% stake. Blackrock invested in 0% or 1.01 million shares. Vanguard reported 0% of its portfolio in Tejon Ranch Co. (NYSE:TRC). Lee Danner & Bass reported 33,000 shares stake. First Manhattan stated it has 0% of its portfolio in Tejon Ranch Co. (NYSE:TRC). Northern Trust has 0% invested in Tejon Ranch Co. (NYSE:TRC) for 188,147 shares. Teton has 134,000 shares.

The stock of Tejon Ranch Co. (NYSE:TRC) hit a new 52-week high and has $25.69 target or 5.00 % above today’s $24.47 share price. The 9 months bullish chart indicates low risk for the $633.12M company. The 1-year high was reported on Mar, 17 by If the $25.69 price target is reached, the company will be worth $31.66M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.75% or $0.42 during the last trading session, reaching $24.47. About 117,258 shares traded or 68.54% up from the average. Tejon Ranch Co. (NYSE:TRC) has risen 3.31% since March 17, 2017 and is uptrending. It has underperformed by 13.39% the S&P500.

Tejon Ranch Co. operates as a diversified real estate development and agribusiness company. The company has market cap of $633.12 million. The firm operates through five divisions: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. It currently has negative earnings. 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.

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