Foundation Resource Management Inc Lowers stake in Tejon Ranch Company (TRC)

Tejon Ranch Company (TRC) : Foundation Resource Management Inc reduced its stake in Tejon Ranch Company by 0.22% during the most recent quarter end. The investment management company now holds a total of 147,118 shares of Tejon Ranch Company which is valued at $3,608,805 after selling 330 shares in Tejon Ranch Company , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Tejon Ranch Company makes up approximately 0.65% of Foundation Resource Management Inc’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in TRC in the latest quarter, The investment management firm added 408 additional shares and now holds a total of 1,187 shares of Tejon Ranch Company which is valued at $29,117.

Tejon Ranch Company closed down -0.18 points or -0.74% at $24.01 with 27,910 shares getting traded on Tuesday. Post opening the session at $24.21, the shares hit an intraday low of $23.96 and an intraday high of $24.49 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

Tejon Ranch Co. (Tejon) is a real estate development and agribusiness company. The Company operates in four segments: Real Estate Commercial/Industrial development; Real Estate Resort/Residential development; Mineral Resources and Farming. Its commercial/industrial real estate development segment includes building grazing and land lease activities land and building sales and ancillary land management activities. The resort/residential real estate development segment is engaged in the land entitlement and development process internally and through joint venture entities. It is focusing on over 8010 acres within Grapevine for a mixed use development to include housing retail and commercial components. Tejon’s Mineral resources segment includes oil and gas royalty leases rock and aggregate mining leases a lease with National Cement and sales of water. The farming segment also includes the sale of wine grapes almonds and pistachios. It is also engaged conservation projects.

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