Tejon Ranch Co. (TRC) Forms Bullish Wedge Up Trading at $24.40

April 16, 2018 - By Charla Downs

Tejon Ranch Co. (NYSE:TRC) Corporate Logo

During Q4 2017 the big money sentiment increased to 3.25. That’s change of 1.30, from 2017Q3’s 1.95. 8 investors sold all, 12 reduced holdings as Tejon Ranch Co. ratio improved. 52 increased stakes while 13 funds amassed stakes. Funds hold 38.57 million shares thus 147.29% more from 2017Q3’s 15.60 million shares.
Covington Cap Mgmt has invested 0% of its capital in Tejon Ranch Co. (NYSE:TRC). Levin Cap Strategies Limited Partnership invested in 409,354 shs. Millennium Management Ltd Llc has invested 0% in Tejon Ranch Co. (NYSE:TRC). 16 were reported by Bancshares Of Montreal Can. Deutsche Bank & Trust Ag stated it has 0% of its capital in Tejon Ranch Co. (NYSE:TRC). First Manhattan accumulated 0% or 7,686 shs. London Of Virginia has invested 0.08% in Tejon Ranch Co. (NYSE:TRC). Fifth Third Comml Bank invested in 505 shs or 0% of the stock. Moreover, Manufacturers Life Insurance The has 0% invested in Tejon Ranch Co. (NYSE:TRC). Shine Advisory Ser Inc has 905 shs for 0.01% of their capital. Reik Co reported 1.02% in Tejon Ranch Co. (NYSE:TRC). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its capital in Tejon Ranch Co. (NYSE:TRC) for 986 shs. Whittier Trust Company has 21 shs for 0% of their capital. 110,899 were accumulated by Renaissance Technology Ltd Com. State Common Retirement Fund, a New York-based fund reported 33,200 shs.

An up wedge chart was formed by Tejon Ranch Co. (TRC). It has $25.61 price target or $24.40 price per share. The company’s valuation will be $31.60M more at $25.61 price target.

On during the last trading session the stock increased $0.135 or 0.56%, reaching $24.395.Tejon Ranch Co. has volume of 6,132 shares. Since April 16, 2017 TRC has risen 10.89% and is uptrending. TRC underperformed the S&P500 by 0.66%.

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

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