Tejon Ranch Co. (TRC) Is At $24.09 Formed Wedge; D-E Shaw & Company Lowered Texas Capital Bancshares (TCBI) Position

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Logo

Tejon Ranch Co. (TRC) formed wedge up with $26.02 target or 8.00% above today’s $24.09 share price. Tejon Ranch Co. (TRC) has $624.12 million valuation. The stock decreased 0.33% or $0.08 during the last trading session, reaching $24.09. About 69,650 shares traded. Tejon Ranch Co. (NYSE:TRC) has risen 10.89% since April 23, 2017 and is uptrending. It has underperformed by 0.66% the S&P500.

D-E Shaw & Company Inc decreased Texas Capital Bancshares Inc (TCBI) stake by 54.84% reported in 2017Q4 SEC filing. D-E Shaw & Company Inc sold 52,065 shares as Texas Capital Bancshares Inc (TCBI)’s stock declined 5.34%. The D-E Shaw & Company Inc holds 42,879 shares with $3.81M value, down from 94,944 last quarter. Texas Capital Bancshares Inc now has $4.78B valuation. The stock decreased 0.62% or $0.6 during the last trading session, reaching $96.15. About 774,878 shares traded or 45.01% up from the average. Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has risen 9.68% since April 23, 2017 and is uptrending. It has underperformed by 1.87% the S&P500.

Investors sentiment increased to 3.25 in Q4 2017. Its up 1.30, from 1.95 in 2017Q3. It is positive, as 8 investors sold Tejon Ranch Co. shares while 12 reduced holdings. 13 funds opened positions while 52 raised stakes. 38.57 million shares or 147.29% more from 15.60 million shares in 2017Q3 were reported. The New York-based Blackrock has invested 0% in Tejon Ranch Co. (NYSE:TRC). Deutsche Bancshares Ag holds 131,977 shares. State Board Of Administration Of Florida Retirement Sys accumulated 16,814 shares. Neuberger Berman Grp Ltd Liability Co reported 66,483 shares. Morgan Stanley holds 82,857 shares. Northern Trust holds 0% of its portfolio in Tejon Ranch Co. (NYSE:TRC) for 218,632 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% of its portfolio in Tejon Ranch Co. (NYSE:TRC). 565,739 are owned by Ariel Investments Lc. Paloma Partners Mngmt holds 0.02% or 65,000 shares. Moreover, Valueworks Ltd Liability Corporation has 0.17% invested in Tejon Ranch Co. (NYSE:TRC) for 10,920 shares. Reik And Ltd has 152,833 shares for 1.02% of their portfolio. Tiaa Cref Invest Mngmt Lc holds 0% in Tejon Ranch Co. (NYSE:TRC) or 44,931 shares. First Manhattan holds 7,686 shares. Voya Investment Mngmt Lc invested in 11,532 shares or 0% of the stock. Moreover, State Street has 0% invested in Tejon Ranch Co. (NYSE:TRC).

D-E Shaw & Company Inc increased Roadrunner Trnsn Svcs Hldg I (NYSE:RRTS) stake by 53,887 shares to 711,981 valued at $5.49 million in 2017Q4. It also upped Performance Food Group Co stake by 213,986 shares and now owns 273,983 shares. Salesforce Com Inc (Call) (NYSE:CRM) was raised too.

Since January 30, 2018, it had 2 insider purchases, and 1 sale for $77,054 activity. 2,000 shares were bought by CARGILL C KEITH, worth $181,200. On Friday, March 2 the insider TURPIN IAN J sold $106,206. On Tuesday, January 30 Huntley David S. bought $2,060 worth of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) or 21 shares.

Among 23 analysts covering Texas Capital Bancshares Inc. (NASDAQ:TCBI), 9 have Buy rating, 1 Sell and 13 Hold. Therefore 39% are positive. Texas Capital Bancshares Inc. had 82 analyst reports since July 24, 2015 according to SRatingsIntel. Hovde Group downgraded the stock to “Underperform” rating in Friday, April 1 report. The company was initiated on Friday, July 1 by Compass Point. The company was maintained on Wednesday, January 24 by SunTrust. The stock of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has “Outperform” rating given on Thursday, December 21 by Wedbush. The firm has “Buy” rating by Jefferies given on Friday, June 9. Raymond James upgraded the stock to “Outperform” rating in Thursday, January 25 report. Keefe Bruyette & Woods maintained it with “Hold” rating and $86.0 target in Tuesday, October 3 report. The stock of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has “Hold” rating given on Monday, March 5 by Stephens. The firm earned “Hold” rating on Thursday, April 19 by Stephens. The firm has “Neutral” rating by Wedbush given on Friday, October 7.

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